JPX Derivatives Market Highlights
January 1, 2015～June 30, 2015
Market Condition■ TOPIX and Trading Value of TSE 1st Section (Daily Average)
TOPIX
TOPIX
Trading Value (1st sec.)(Points)

Trading Value(Trillion ¥)2,500

Consumption tax increased from
5% to 8% (Apr. 1, 2014)

The exit of QE by BOJ (Mar. 9, 2006)

2,000

Bankruptcy of Lehman
Brothers (Sep. 15, 2008)

1,500

2.0
1.0

500
0

4.0
3.0

Liberal Democratic Party
won the upper-houseelection (Dec. 16, 2012)

1,000

5.0

05

06

07

08

09

10
Year

11

12

0.0

13

14

15

13

14

15
Jan.-Jun.

■ Trading Volume of Derivatives Market (ADV)
Trading Volume
Trading Volume (ADV)(10,000 contracts)
160
140
120

400%
t
s
o
m
Al

100
80

0
h in 1
growt

years

60
40
20
0

05

06

07

08

09

■ JGB Futures and Interest Rate
20-year JGB Futures (¥)
10-year JGB Futures (¥)

220 160
210 155

10Year

10-year JGB Futures
20-year JGB Futures11

12

10-year Interest Rate
20-year Interest Rate

The exit of Zero Interest
Rate Policy by BOJ(Jul. 14, 2006)

10-year, 20-year Interest Rate (%)

Expansion QQE by BOJ(Oct. 31, 2014)
Introduction of Quantitativeand Qualitative Monetary
Easing by BOJ (Apr. 4, 2013)

3.0
2.5

200 150

2.0

190 1451.5

180 1401.0

170 135
160 130
05

06

07

08

09

10
Year

1

英語版：01【PDFX4】.indd 1

0.5

Bankruptcy of Lehman
Brothers (Sep. 15, 2008)

11

12

13

0.0
14
15
*Source：Ministry of FinanceJuly, 2015

2015/08/05 10:15

Index Futures■ Nikkei 225 Futures ADV・Open Interest
Trading Vol.
(Contracts)

Trading Volume
Open Interest (End of Year/Month)

160,000

700,000

120,000

600,000

100,000

500,000

80,000400,000

60,000300,000

40,000200,000

20,000100,000
05

06

07

08

09

10

11

12

13

Others0.8%

800,000

140,0000■ Type of Investors (Nikkei 225 Futures)Open Interest(Contracts)

14

1

2

Year

3

4

5

6

Trust Banks
1.3%

0

Individual
Investors
12.2%■ Type of Investors (Nikkei 225 mini)
Open Interest(Contracts)

Others0.1%

800,000

Securities Firms
5.6%

700,000

1,000,000

Business Firms
0.5%

600,000

800,000

500,000

600,000

400,000

Jan.～Jun.
2015

Foreign Investors
71.8%

300,000

400,000

Individual
Investors
22.0%

200,000

200,000
0

Investment
Trusts
3.1%
Business Firms
0.6%

Month

Trading Volume
Open Interest (End of Year/Month)

1,200,000

Jan.～Jun.
2015

Foreign Investors
68.9%■ Nikkei 225 mini ADV・Open Interest
Trading Vol.
(Contracts)

Securities Firms
13.2%

100,000
06

07

08

09

10

11

12

13

14

1

2

3

Year

4

5

6

0

Month

■ TOPIX Futures ADV・Open Interest
Trading Vol.
(Contracts)■ Type of Investors (TOPIX Futures)Open Interest(Contracts)

Trading Volume
Open Interest (End of Year/Month)

160,000

Others0.6%

800,000

Securities Firms
18.3%

140,000

700,000

120,000

600,000

Trust Banks
2.1%

100,000

500,000

80,000400,000

Insurance Firms
0.6%

60,000300,000

40,000200,000

20,000100,000

0

05

06

07

08

09

10

11

12

13

14

1

2

Year

3

4

5

6

Foreign Investors
76.3%

0

Month

■ Type of Investors (mini TOPIX Futures)Open Interest(Contracts)

Trading Volume
Open Interest (End of Year/Month)

25,000

Securities Firms
4.0%
Trust Banks
0.3%

120,000

100,000

20,000Investment
Trusts0.2%

80,00015,00060,00010,000Foreign Investors
92.3%

40,0005,000
0Investment
Trusts
1.4%
Business Firms
0.1%
Individual
Investors
0.7%■ mini-TOPIX Futures ADV・Open Interest
Trading Vol.
(Contracts)

Jan.～Jun.
2015

Jan.～Jun.
2015

Individual
Investors
3.2%

20,000

08

09

10

11

Year

12

13

14

1

2

3

4

5

6

0

Month

2

英語版：02【PDFX4】.indd 2

July, 2015

2015/07/30 16:37

Index Futures■ JPX-Nikkei Index 400 Futures Weekly ADV・Open Interest
Trading Vol.
(Contracts)

Trading Volume (Weekly)
Open Interest (End of Week)

200,000■ Type of Investors (JPX-Nikkei Index 400 Futures)Open Interest(Contracts)

500,000

Securities Firms
22.9%

400,000

150,000

300,000
100,000

50,0000Trust Banks
1.4%
Investment
Trusts1.8%

100,000

25 1 8 15 22 29 5 13 19 26 2 9 16 23 2 9 16 23 30 6 13 20 27 4 11 18 25 1 8 15 22 29

11

12
2014

1

2

3

2015

4

5

Business
Firms
0.1%

0

Individual
Investors
1.0%

6■ Nikkei 225 VI Futures ADV・Open Interest
Trading Vol.
(Contracts)

12,000

1,200

10,000

1,000

8,000

800

6,000

600

Securities Firms
48.1%

2,000

200
12

13

14

1

2

3

Year

4

5

6

0
Individual Investors
1.3%

Month

■ DJIA Futures ADV・Open Interest
Trading Vol.
(Contracts)■ Type of Investors (DJIA Futures)Open Interest(Contracts)

Trading Volume
Open Interest (End of Year/Month)

600

1,000

400

800

300

600

200

400

100

200

12

13

14

1

Securities Firms
2.2%

1,200

500

0

Jan.～Jun.
2015

Foreign Investors
50.5%

4,000

400

0

■ Type of Investors (Nikkei VI Futures)Open Interest(Contracts)

Trading Volume
Open Interest (End of Year/Month)

1,400

2

3

Year

4

5

6

Business Firms
1.0%

Trading Vol.
(Contracts)

0

400
300
200
100

11

12

Year

13

14

1

■ TSE REIT Index Futures ADV・Open Interest

Open Interest(Contracts)

Trading Vol.
(Contracts)

140,000

1,400

14,000120,000

1,200

12,000100,000

1,000

10,00080,000800

8,000

60,000600

6,000

40,000400

4,000

20,000200

2,000

160,000

500

10

2

3

4

5

6

0

0

Month

Open Interest(Contracts)

Trading Volume
Open Interest (End of Year/Month)

1,600

08

09

10

11

Year

3

英語版：03【PDFX4】.indd 3

Individual
Investors
46.8%

Month

Trading Volume
Open Interest (End of Year/Month)

600

Jan.～Jun.
2015

Foreign Investors
50.1%■ Nikkei 225 Dividend Index Futures ADV・Open Interest0Jan.～Jun.
2015

Foreign Investors
72.9%

200,000

12

13

14

16,000

1

2

3

4

5

6

0

Month

July, 2015

2015/08/05 10:21

Index Options■ Nikkei 225 Options ADV・Open Interest
Trading Vol.
(Contracts)

Trading Volume (Put)Trading Volume (Call)
Open Interest (End of Year/Month)

300,000■ Type of Investors (Nikkei 225 Options)

Open Interest(Contracts)

Others0.4%

4,000,000

250,000
200,000

Securities Firms
13.4%

3,500,000

Trust Banks
0.3%

3,000,000

Investment
Trusts0.1%

2,500,000
2,000,000

150,000

1,500,000

100,000

Business Firms
1.6%

Jan.～Jun.
2015

Foreign Investors
71.2%

Individual
Investors
12.9%

1,000,000

50,000500,000

0

05

06

07

08

09

10

11

12

13

14

1

2

Year

3

4

5

0

6

Month

■ TOPIX Options ADV・Open Interest
Trading Vol.
(Contracts)■ Type of Investors (TOPIX Options)
Open Interest(Contracts)

Trading Volume (Put)Trading Volume (Call)
Open Interest (End of Year/Month)

3,500

60,0003,000

Securities Firms
14.8%

50,0002,500

40,0002,000

30,0001,500

Jan.～Jun.
2015

Foreign Investors
85.2%

20,0001,000

10,000

500
0

05

06

07

08

09

10

11

12

13

14

1

2

Year

3

4

5

0

6

Month

Securities Options■ Type of Investors (Securities Options)■ Securities Options ADV・Open Interest
Trading Vol.
(Contracts)

Open Interest(Contracts)

Trading Volume (Block (J-NET))
Trading Volume (Auction)
Open Interest (End of Year/Month)

8,000
7,000

600,000
500,000

6,000

Business
Firms
4.2%

400,000

5,000

300,000

4,000
3,000

Individual
Investors
5.4%

Jan.～Jun.
2015

Foreign Investors
76.4%

200,000

2,000

100,000

1,000
0

Securities Firms
14.0%

05

06

07

08

09

10

11

12

13

14

1

2

Year

3

4

5

6

0

Month

■ Trading Volume by Underlying Securities（Jan.～Jun. 2015）
Ranking CodeIssuesTrading
Volume■ HV (Top 3 Underlying Securities by Trading Volume)

Share

1

8411

Mizuho Financial Group, Inc.

64,401 14.4%

2

8604

Nomura Holdings, Inc.

50,060 11.2%

3

6301

KOMATSU LTD.

32,458

7.2%

4

8306

Mitsubishi UFJ Financial Group, Inc.

30,273

6.7%

5

4676

FUJI MEDIA HOLDINGS, INC.

28,203

6.3%

6

8113

Unicharm Corporation

21,640

4.8%

7

7267

HONDA MOTOR CO., LTD.

16,002

3.6%

8

2914

JAPAN TOBACCO INC.

15,721

3.5%

9

7261

Mazda Motor Corporation

15,430

3.4%

10

9984

SoftBank Group Corp.

14,691

3.3%

HV

100%
80%
60%
40%
20%
0%

4

英語版：04【PDFX4】.indd 4

Mizuho Financial Group, Inc. (8411)
Nomura Holdings, Inc. (8604)
KOMATSU LTD. (6301)

2012

2013

Year

2014

2015

July, 2015

2015/08/05 10:22

JGB Futures■ 10-year JGB Futures ADV・Open Interest
Trading Vol.
(Contracts)

Trading Volume
Open Interest (End of Year/Month)

60,000

Others1.2%

140,000

Securities Firms
39.2%

120,000

50,000100,000

40,00080,00030,000Jan.～Jun.
2015

Foreign Investors
50.1%

60,00020,00040,00010,0000■ Type of Investors (10-year JGB Futures)Open Interest(Contracts)

20,000
05

06

07

08

09

10

11

12

13

14

1

2

3

Year

4

5

6

0

Bankｓ
9.5%

Month

■ mini-10-year JGB Futures ADV・Open Interest
Trading Vol.
(Contracts)

Open Interest(Contracts)

Trading Volume
Open Interest (End of Year/Month)500■ 20-year JGB Futures ADV・Open Interest
Trading Vol.
(Contracts)

3,000
2,500

400

1,600
1,400

80

2,000

300

Open Interest(Contracts)

Trading Volume
Open Interest (End of Month)

100

1,200
1,000

60

800

1,500
200

1,000

100
0

40

12

13

14

1

2

3

Year

4

5

0

0

6

400

20

500

11

600

200
4

5

6

7

8

Month

9

10

11

12

1

2

2014

3

4

5

0

6

2015

Options on JGB Futures■ Type of Investors (Options on JGB Futures)■ Options on JGB Futures ADV・Open Interest
Trading Vol.
(Contracts)

Open Interest(Contracts)

Trading Volume (Put)Trading Volume (Call)
Open Interest (End of Year/Month)

14,00012,000

Others0.7%

25,000

Securities Firms
14.5%

20,00010,0008,000

15,000

6,000

10,000Jan.～Jun.
2015

Foreign Investors
60.9%

Bankｓ
23.9%

4,000
5,000

2,000
0

05

06

07

08

09

10

11

12

13

14

Year

1

2

3

4

5

6

0

Month

■ Monthly Trading Volume and Exercise Volume■ HV・VI
HVJGBF-VI

HV

15%

Trading Vol.
(Contracts)

JGBF-VI(Point)10

6

Exercise Vol.
(Contracts)

Exercise Vol. (PUT)
Trading Vol. (PUT)

20,000ＣＡＬＬ

150,000

8
10%

Exercise Vol. (CALL)
Trading Vol. (CALL)

200,000

15,000100,000

10,00050,000

5,000

0
4

5%

0

50,0005,000

100,000

2

10,000

ＰＵＴ

150,000
0%

12

13

14
Year

15

0

200,000

英語版：05【PDFX4】.indd 5

1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6
2012

515,0002013

2014

20,0002015

July, 2015

2015/08/05 10:24

Contract Specifications
Products

Trading Hours
Auction Block (J-NET)

Tick Size (point/¥)
AuctionBlock (J-NET)Unit

No. ofContract
MonthsMargin per contract (¥)(As of the end of Jun. 2015)

Vendor Codes
Bloomberg
Reuters

QUICK

Nikkei 225 Futures101＊ 1,000

13¥600,000

NKA<INDEX>

0#JNI:

101.555

Nikkei 225 mini

5

1

＊ 100

16

¥60,000

NOA<INDEX>

0#JNM:

111.555

TOPIX Futures

0.5

0.1

＊ 10,000

5¥435,000

TPA<INDEX>

0#JTI:

151.555

mini-TOPIX Futures

0.25

0.05

＊ 1,000

3¥43,500

TMIA<INDEX>

0#JTM:

159.555

JPX-Nikkei Index 400
Futures

5

1

＊ 100

5

¥40,000 JPWA<INDEX>

0#JN4F:105.555

TOPIX Core30 Futures

0.5

0.1

＊ 1,000

3¥23,000 TPCA<INDEX>

0#JTC:

171.555

0.5

0.1＊ 1,000

3¥59,000 TREA<INDEX>

0#JRT:

155.555

0.1

0.1＊ 10,0003¥85,000

TZA<INDEX>0#JBK:

348.555

RN Prime Index Futures

0.5

0.1

＊ 10,000

5¥330,000AZA<INDEX>

0#JRN:

140.555

Nikkei 225 Dividend
Index Futures

0.1

0.1

＊ 1,000

8 (*1)¥8,500INTA<INDEX>

0#JND:

112.555

TOPIX Dividend Index
Futures

0.01

0.01

＊ 10,000

8 (*1)¥13,500

TDIA<INDEX>

0#JTD:

178.555

TOPIX Core30 Dividend
Index Futures

0.01

0.01

＊ 10,000

8 (*1)¥7,200 TCDA<INDEX>

0#JRD:

179.555

DJIA Futures

1

1

＊ 100

4

¥40,700 ODAA<INDEX>

0#JDI:

144.555

CNX Nifty Futures

1

1

＊ 100

3

¥20,300 ONYA<INDEX>

0#JNF:

146.555

0.05

0.01

＊ 10,0008¥44,500

JVIA<INDEX>

0#JNV:

145.555

0.01

0.01

＊ 1,000,000

3¥140,000JJA<CMDTY>

0#JMB:

604.555

0.01

0.01

＊ 1,000,000

3¥600,000JBA<CMDTY>

0#JGB:

601.555

0.005

0.005

＊ 100,000

3¥60,000 MJBA<CMDTY>

0#JGM:

611.555

0.01

0.01

＊ 1,000,000

3¥1,880,000 JJAA<CMDTY>

0#JTB:

602.555

Unit

No. ofContract
MonthsMinimum No. of
Exercise Prices

Vendor Codes
Bloomberg
Reuters

QUICK

1933 (ATM±16)

TSE REIT Index Futures
TOPIX Banks Index
Futures

Nikkei 225 VI Futures

9:00～15:15 8:20～16:00
16:30～ 3:00 16:15～ 3:00

9:00～15:15

8:20～16:00

5-year JGB Futures

10-year JGB Futuresmini-10-year JGB
Futures

8:45～11:02
8:20～15:15
12:30～15:02
15:25～ 3:00
15:30～ 3:00

20-year JGB Futures(*1) 9 contract months between Jan. to Mar.

Products

Trading Hours
Auction Block (J-NET)

Tick Size (point/¥)
AuctionBlock (J-NET)

Regular
Options

Nikkei 225
Options<depending on theoption price>¥50 or less : 1
above ¥50 to ¥1,000 : 5
above ¥1,000 : 10

WeeklyOptions

TOPIX Options

Securities Options

9:00～11:35
12:30～15:15

Options on JGB Futures

8:45～11:02
8:20～15:15
12:30～15:02
15:25～ 3:00
15:30～ 3:00

8:20～16:00

depending on theoption price

0.01

Week1

Week1

Week3

Week3

Week4

Week4

Week5

Week5

TPX<INDEX>OMON

0#JTI*.OS

OPT@

OP2@

17 (ATM±8)＊ 10,0008<depending on theremaining trading
period>4 months or less :19 (ATM±9)more than 4 months :13 (ATM±6)<dependingon thetrading unit
＊minimumof thetrading unit
underlying>of theeven number
underlying:0.1
odd number:1

4

5 (ATM±2)(security code)
0#(security<EQUITY>OMON code)*.OS

KO@15

3～4

21 (ATM±10)

JBA<CMDTY>
OMON

GB@

＊ 1,000

0.1

0.01＊ 1,000,000

6

英語版：06【PDFX4】.indd 6

0#JNI*.OS

Nearest4 weekly
contracts(except
for the2nd
Friday)1

9:00～15:15 8:20～16:00
16:30～ 3:00 16:15～ 3:00

<depending on theoption price>
20pts or less : 0.1
above 20pts : 0.5

NKY<INDEX>OMONWNKYA <INDEX> 0# JNI1W*.OS
WNKYC <INDEX> 0# JNI3W*.OS

OPW@

WNKYD <INDEX> 0# JNI4W*.OS
WNKYE <INDEX> 0# JNI5W*.OS

0#JGB+

July, 2015

2015/08/05 10:28

Trading Fees (as of the end of June, 2015)
Products

Nikkei 225 Futures

Nikkei 225 mini

TOPIX Futures

Exchange Trading Fees (Rate)

Regular Trade

Regular Trade

Regular Trade

Volume Discount Available (*1)(Contract)(Prop)｜(Customer)
0 - 10,000 ：￥ 70 ｜￥110
more than 10,000 - 50,000 ：￥ 35 ｜￥ 70
more than 50,000 - 100,000 ：￥ 20 ｜￥ 40
more than 100,000 - 150,000 ：￥ 15 ｜￥ 25
more than 150,000 - 		：￥ 10 ｜￥ 25
Volume Discount Available (*1)(Contract)		(Prop) ｜(Customer)
0 - 100,000 ：￥ 7 ｜ ￥11
more than 100,000 - 500,000 ：￥ 6 ｜ ￥ 8
more than 500,000 - 1,000,000 ：￥ 4 ｜ ￥ 6
more than 1,000,000 - 		：￥ 3 ｜ ￥ 4
Volume Discount Available (*1)(Contract)0 - 100,000 :￥ 55
more than 100,000 - 300,000 :￥ 35
more than 300,000 -		 :￥ 20

mini-TOPIX Futures
TOPIX Core30 Futures
TSE REIT Index Futures

Regular Trade¥7 per contract

JPX-Nikkei Index 400
Futures

Regular Trade¥7 per contract

TOPIX Banks Index
Futures

Regular Trade¥55 per contract

Nikkei 225 Dividend Index
Futures
TOPIX Dividend Index
Futures
TOPIX Core30 Dividend
Index Futures

Regular Trade

Nikkei 225 VI Futures

Regular Trade¥80 per contract

Regular Trade¥40 per contract

RN Prime Index Futures

Regular Trade¥29 per contract

Regular Trade¥95 per contract

mini-10-year JGB Futures

Nikkei 225
Options

Regular
Options

WeeklyOptions
TOPIX Options

Regular Trade¥ 20 per contract

SQ Settlement¥130 per contract

Regular Trade¥ 2 per contract

SQ Settlement¥ 13 per contract

Regular Trade¥ 20 per contract

SQ Settlement¥ 57 per contract

Regular Trade¥ 2 per contract

SQ Settlement¥ 6 per contract

Regular Trade¥ 2 per contract

SQ Settlement¥ 13 per contract

Regular Trade¥ 20 per contract

SQ Settlement¥ 57 per contract

Regular Trade¥ 10 per contract

SQ Settlement¥ 30 per contract

Regular Trade¥ 20 per contract¥7 per contract (currently discounted from ¥40)

DJIA Futures
CNX Nifty Futures

10-year JGB Futures
5-year JGB Futures
20-year JGB Futures（Reference）Clearing Fees of JSCC

SQ Settlement¥100 per contract

Regular Trade¥ 5 per contract

SQ Settlement¥ 45 per contract

Regular Trade¥ 16 per contract

SQ Settlement¥ 45 per contract

Regular Trade

Trade by Exerciseof Options on JGB ¥82 per contract
Futures

Trade by Exercise ¥ 49 per contractof Options on JGB
Futures

Physical delivery¥10 per contract

Physical delivery¥132 per contract

Regular Trade¥20 per contract

Regular Trade

Volume Discount Available (*1) (*2)(Trading Value)
0 - ¥ 10 bil. ： 5.0 bp
more than ¥ 10 bil. - ¥ 25 bil. ： 3.5 bp
more than ¥ 25 bil. - ¥ 35 bil. ： 2.5 bp： 1.5 bp
more than ¥ 35 bil. -Regular Trade¥40 per contract

Regular Trade¥40 per contract

Securities Options

Regular Trade¥10 per contract

Options on JGB Futures

Regular Trade¥40 per contract

Regular Trade¥ 5 per contract

Final settlement¥ 15 per contract

Regular Trade

0.5 bp per Trading Value (*2)

Exercise

5.5 bp per amount to transfer by exercise (*2)

Regular Trade¥ 10 per contract

Exercise¥130 per contract

Regular Trade¥ 10 per contract

Exercise¥ 10 per contract

Regular Trade¥ 10 per contract

Exercise (*3)

¥ 10 per contract

Regular Trade¥ 10 per contract

Exercise¥ 10 per contract(*1) Fee rate calculated by the table using monthly average trading volume of 3 months from 4 months prior until 2 months prior(*2) The maximum fee is ¥ 350 per trading unit. The maximum clearing fees are ¥ 35 (Regular Trade) per trading unit and ¥ 385 (Exercise) per trading unit.
(*3) Clearing fees for cash trading (trading value of cash trading by exercise × 0.04 bp) will be required additionally.
(Note) Give-up fees (¥ 5 per contract) will be required for Clearing Broker.(¥ 1 for Nikkei 225 mini, mini TOPIX Futures,JPX-Nikkei Index 400 Futures, TOPIX Core30
Futures, TSE REIT Index Futures, Dividend Index Futures, mini-10-year JGB Futures)

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Trading Data (Jan.-Jun. 2015)
Products

Trading Volume

ChangeNikkei 225 Futures

12,697,394
111,136,714
10,717,179
2,287,621
5,083,176
1,790
81,085
14,3796,262
118,427
41,1881,802
18,035,312
47,456
256,228
448,667
4,687,298
31,947
612
705,633+5.0%+23.6%+5.8%+21.3%−+9.3%+45.1%+29.9%+18.6%+174.0%+47.3%+340.6%-14.3%−+135.6%-20.3%+16.0%+313.1%-79.2%+21.9%

Nikkei 225 mini
TOPIX Futuresmini-TOPIX Futures
JPX-Nikkei Index 400 Futures
Futures

TOPIX Core30 Futures
TSE REIT Index Futures
TOPIX Banks Index Futures

EquityNikkei 225 Dividend Index Futures
Nikkei 225 VI Futures
DJIA Futures
CNX Nifty Futures
Nikkei 225 Options
Options

Weekly Options
TOPIX Options
Securities Options
10-year JGB Futures

Bond

Futuresmini-10-year JGB Futures
20-year JGB Futures

Options

Options on JGB Futures

Trading Value Exercise Volume Open Interest

242,356,167
211,973,301
166,907,012
3,518,523
7,166,958
1,435
149,387
30,8881,641
25,801
73,144
1,526
3,167,511
1,849
54,6733,379
690,907,257
471,183
129,995
92,604

−
−
−
−
−
−
−
−
−
−
−
−
730,741924
73,363
145,165−−−
16,400377,812474,566
629,20929,568247,074
465
8,972
2,530
6,560
8,192
568
27
2,287,286
3,372
48,674
148,561
100,060625
012,450(Contracts, million ¥)Trading Records
Nikkei 225 Futures
2015 (Jan.-Jun.)(Contracts, ¥)Highest Daily Trading Volume(Date)TOPIX Futures

Historical(Contracts, ¥)(Date)

2015 (Jan.-Jun.)(Contracts, Points)(Date)

10-year JGB Futures

Historical(Contracts, Points)(Date)

2015 (Jan.-Jun.)(Contracts, ¥)(Date)

Historical(Contracts, ¥)(Date)

429,437（15/03/10） 739,909（99/12/07） 721,492（15/06/09） 747,937（13/06/11） 152,862（15/06/09） 211,110（07/06/07）

44,133（15/02/17）
0（94/01/31） 30,219（15/05/26）
0（94/01/31） 17,596（15/04/06）
0（85/10/25）（15/03/12）（08/03/14）（15/06/10）（15/06/10）（15/05/27）
616,674
684,617
816,960
816,960
111,111
310,415（00/02/08）
Lowest Open Interest 375,333（15/06/12） 10,450（88/09/09） 535,253（15/01/21） 11,183（88/12/08） 83,646（15/03/17） 14,585（85/12/12）
Highest Price
20,950（15/06/24） 39,820（89/12/27） 1,687.5（15/06/24） 2,956.0（89/12/18） 148.68（15/01/20） 148.68（15/01/20）
Lowest Price
16,530（15/01/15） 6,830（08/10/28） 1,331.0（15/01/07） 687.0（09/03/13） 145.72（15/06/11） 87.08（90/09/27）
Lowest Daily Trading Volume

Highest Open Interest

Latest News

Contact: JPX (Japan Exchange Group)

Feb. 2015：Introduced Market Maker Scheme on Night Session of
JPX-Nikkei Index 400 Futures
Mar. 2015：Improved the calculation method of the settlement pricefor 20-year JGB Futures
May 2015：L au n c h e d W e e k l y O p t i o n s o n Nikkei 225 andintroduced trading fee discount campaign (effective
until the end of Aug. 2015)
Jun. 2015：Introduced trading fee discount campaign for Night
Session trading of JPX-Nikkei Index 400 Futures forretail investors (effective until the end of Aug. 2015)
Jun. 2015：Published the draft version trading rule revisions for the
next-generation derivatives trading system
Jun. 2015：Published the draft version of trading rules for new
products to be launched with the next-generation
trading system
Jul. 2015 ：Revised the contract specifications (the coupon rate of
the standardized bond, deliverable grade, tick size) of
20-year JGB Futures
Jul. 2015 ：Revised Market Maker Scheme for Securities Options

Osaka Exchange

Singapore BranchMarket Planning &Development Dept.
Tel:+81-50-3377-8645
mkt-biz@jpx.co.jp

Tel:+65-6438-5100
sintse@ntti.net.sg

LondonRepresentative Office

Beijing
Representative Office

Tel:+44-(0)-20-7329-2155
admin@jpxldn.co.uk

Tel:+86-10-8517-1128
tsebjrep@tsebjrep.com.cn

New York
Representative Office

JPX Website
http://www.jpx.co.jp/english/

Tel:+1-212-363-2350
contact@jpxnyrep.com

Disclaimer: The descriptions in this publication are intended solely for the purpose of providing information on futures and options. Losses may be incurred due tofluctuation of prices of futures and/or options, etc. and the entire deposited margin or a portion of such may be lost. Losses may also exceed the deposited margin.
Investors must carefully review the documents provided by their financial services provider before trading futures and/or options, and must trade on their own
responsibility based on their own judgment only after fully understanding the product qualities, the trading mechanism, relevant fees, the risk involved, etc. While very
effort is taken to ensure the accuracy of the information contained in this publication, Japan Exchange Group, Inc. and its subsidiaries shall not guarantee and beliable for any damages caused by any errors or omissions in this publication. Japan Exchange Group, Inc. and its subsidiaries reserve the right to change the contentsof this publication without prior notice.

Copyright © Japan Exchange Group, Inc. 2015 All rights reserved.

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