TSE is now looking for partners to help support start-up companies as part of the Program**.

In order to encourage domestic and overseas financial institutions, fintechs and other companies to consider distributing TSE real-time market information, in recent years TSE has been offering first-time user companies time-limited promotional rates for some real-time market information categories.

However, TSE believes that in order to further facilitate the creation of new services by start-up companies, it is imperative that they are supported not only by the group companies of Japan Exchange Group, Inc., but also data owners such as information vendors and financial institutions, and companies and organizations that support start-up companies. That is the thinking behind the new sandbox program.

The first partners in the Program are QUICK Corp. and FINOLAB, Inc., both of which have expressed their support for the purpose of the Program. QUICK Corp. will participate as a data partner to provide start-up companies with the data it owns. FINOLAB, Inc. will participate as an innovation partner to provide suggestions and advice regarding the use of the Program to start-up companies that are members of FINOLAB, Inc.

TSE is looking to recruit companies and organizations that wish to participate in this Program as partners and, in cooperation with said partners, will proceed in supporting start-up companies in creating new services for the securities sector.

* Under the data sandbox program, if a start-up company supported by an innovation partner uses paid data owned by TSE and a data partner for the purpose of creating new services, said company can use the data free of charge or at discount rates for a certain period of time. By reducing obstacles for start-up companies to use data in the phase of creating new services, this Program will support, among others, research & development and generation of prototypes for service creation. Note that, as data is limited to internal use, if a start-up company wishes to provide a third party with data, etc. that it has obtained via use of this Program, said start-up will be required to conclude a separate agreement with TSE and/or the data partner.