of futures transactions in Japan. Chronology June 1878 – Osaka Stock Exchange Co., Ltd. established June 1943 – The Exchange became the Osaka Division of the Japan Securities Exchange during the Pacific War. August 1945 – Japan Securities Exchange suspended operations April 1947 – Japan Securities Exchange dissolved. May 1948 – A new Securities and Exchange Law enacted April 1949 – Osaka Securities Exchange established June 1951 – Credit transaction system introduced April 1956 – Bond market reopened October 1961 – Second section for stocks established May 1970 – Convertible bond market opened October 1973 – The Exchange became an associate member of the Federation Internationale des Bourses de Valeurs (FIBV) September 1974 – Computerized Market Information System began operation April 1982 – Constitutional restrictions on the membership of foreign securities companies removed June 1983 – The Exchange became a member of EASEC (EAOSEF in 1990: East Asian and Oceanian Stock Exchanges Federation) November 1983 – "Special Designated Issues" System, called "New Second Section", introduced December 1984 – Ten Minute Earlier Opening System for representative issues selected from among the first section stocks introduced June 9, 1987 – Trading in "Osaka Stock Futures 50 (OSF50)" started September 1988 – Trading in Nikkei Stock Average Futures (Nikkei 225 Futures) started October 1988 – Computer-assisted trading system for OSF50 and Nikkei 225 Futures began operation June 1989 – Trading in Nikkei Stock Average Options (Nikkei 225 Options) started December 1989 – Computer-assisted trading system for Nikkei 225 Options began operation March 1991 – Computer-assisted trading system for stocks began operation May 1991 – The Exchange became a member of the IAOECH (IOMA in 1993:International Options Markets Association) December 1991 – The country fund market opened January 1992 – The Exchange received a No-action Letter from US Commodity Futures Trading Commission (CFTC) for Nikkei 225 Futures contract March 1992 – The "OSF 50" ceased trading in its futures contracts (Trading of OSF 50 was ceased on March 20, 1992.) April 1992 – The Japan Securities Depository Centre (JASDEC), Osaka Office began its operation at the OSE February 1994 – Trading in Nikkei Stock Index 300 Futures and Options (Nikkei 300 Futures / Options) started May 1994 – The Exchange received a No-action Letter from US Commodity Futures Trading Commission (CFTC) for Nikkei 300 Futures contract. October 1994 – The Exchange became an affiliate member of the International Organization of Securities Commissions (IOSCO) May