I'm interested in getting started doing some light daytrading in my IBKR Japan account. The problem is that my market structure knowledge is all US-centric. Can anyone suggest a source for a primer or would be willing to answer my questions?
Specifically
– what is the cash settlement period for stocks?
how does the options market work? I read somewhere that there are no designated market makers. So that implies you put an order out there and wait for a counterparty? I only saw last prices in options chains, no quotes. And these are European style options?
How would you characterize the different periods of the day? One thing that is different is the 1hr TSE market closure for lunch, as well as the overall short open hours. In the US, we have "The Open" and "Power Hour" for example; are there similar interesting volume or volatility patterns to observe in TSE stocks? Pre-mkt and post-mkt periods?
It looks like no forex trading but CFDs are ok
What day trading strategies are popular for TSE? What do you or people you know trade? (e.g. in the US, there are index options traders, futures traders, stock options traders, large cap years, low float traders)
I'll probably paper trade a while but not sure what I'm missing from market mechanics that way.
What other things do you think I should know or wish you knew, whether from a practical, regulatory, functional, or brokerage perspective?
Full disclosure: I've checked the educational materials offered by IBKRJ and didn't find anything applicable to my market-specific questions. I also will likely trade US futures primarily, but was hoping to trade TSE stock options, though index options are a possibility if there is good liquidity.
Edit: Apparently the Osaka Exchange is better geared for derivatives. This website is a great primary source: https://jpx.co.jp/english/
by warpedspockclone