JPX Derivatives Market Highlights
January 1, 2014～December 31, 2014
Price Movement■ TOPIX and Trading Value of TSE 1st Section (Daily Average)
TOPIX
Trading Value (1st sec.)(points)
2,500
2,000

Trading Value(tln yen)

TOPIX

5.0

Up consumer tax from
5% to 8% (2014/4/1)

Bankruptcy of Lehman
Brothers (2008/9/15)

The exit of QE by BOJ (2006/3/9)

Liberal Democratic Party
won the upper-houseelection (2012/12/16)

1,500

4.0
3.0

1,000

2.0

500

1.0

0
04

05

06

07

08

09

10

11

12

13

0.0

14

Year

■ Trading Volume of Derivatives Market
Trading Volume(10 thou contract)

Trading Volume (ADV)

160
140
120

ears

100

Almo

80
60

0y
th in 1worg%
st 500

40
20
0

04

05

06

07

08

09
Year

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

220 160
210 155

10-year JGB Futures
20-year JGB Futures10

11

10-year Interest Rate
20-year Interest Rate

The exit of Zero Interest
Rate Policy by BOJ(2006/7/14)

12

13

14

10-year, 20-year Interest Rate (%)
Introduction of additional
QQE by BOJ (2014/10/31)

Introduction of Quantitative andQualitative Monetary Easing by
BOJ (2013/4/4)

3.0
2.5

200 150

2.0

190 1451.5

180 1401.0

170 135
160 13004

0.5

Bankruptcy of Lehman
Brothers (2008/9/15)

05

06

07

08

09

10
Year

1

11

12

0.0
13
14
*Source：Ministry of Finance
January, 2015

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

Trading Volume
Open Interest (End of Year/Month)

160,000■ Trading Volume by Trade Type of Investors (Nikkei 225 Futures)Open Interest(contracts)

Others0.9%

800,000

Securities Firms
14.0%

140,000

700,000

Trust Banks
2.6%

120,000

600,000

100,000

500,000

Insurance Firms
0.1%

80,000400,000

60,000300,000

40,000200,000

20,000100,000

0

04 05 06 07 08 09 10 11 12 13 1

2

3

4

5

Year

6

7

8

9 10 11 12

Foreign Investors
70.5%

0

Individual
Investors
10.1%

Month

■ Trading Volume by Trade Type of Investors (Nikkei 225 mini)
Open Interest(contracts)

Trading Volume
Open Interest (End of Year/Month)

1,400,000

Others0.1%

800,000

Trust Banks
0.1%

600,000

1,000,000

Business Firms
0.5%

500,000

800,000

400,000

600,000

Individual
Investors
19.9%

200,000

200,000

100,000
06 07 08 09 10 11 12 13

1

2

3

4

5

Year

6

7

8

9

10 11 120Month

■ TOPIX Futures ADV・Open Interest
Trading Volume(Contracts)■ Trading Volume by Trade Type of Investors (TOPIX Futures)Open Interest(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
04 05 06 07 08 09 10 11 12 13 1

2

Others0.4%

800,000

140,000

3

4

5

Year

6

7

8

9 10 11 12

Trading Volume(Contracts)

Foreign Investors
75.8%

2014

Insurance Firms
0.8%
Investment
Trusts1.3%
Individual
Investors
0.5%

0

Month

■ Trading Volume by Trade Type of Investors (mini TOPIX Futures)Open Interest(contracts)

Trading Volume
Open Interest (End of Year/Month)

35,000

Securities Firms
18.5%
Trust Banks
2.7%■ mini-TOPIX Futures ADV・Open Interest

Securities Firms
6.8%

90,00080,00030,000Trust Banks
0.3%

70,00025,000Investment
Trusts0.1%

60,00020,00050,00015,00040,000Foreign Investors
89.8%

30,00010,0002014

Individual
Investors
3.0%

20,000

5,000
0

2014

Foreign Investors
72.0%

300,000

400,000

0

Securities Firms
7.4%

700,000

1,200,000

0Investment
Trusts
1.4%
Business Firms
0.6%■ Nikkei 225 mini ADV・Open Interest
Trading Volume(Contracts)2014

10,000
08

09

10

11

Year

12

13

1

2

3

4

5

6

7

8

9

10

11

12

0

Month

2

January, 2015

Index Futures■ JPX-Nikkei 400 Futures ADV・Open Interest
Trading Volume(Contracts)

Trading Volume (daily)
Open Interest (daily)

300,000

450,000
400,000

250,000

350,000

200,000

300,000
250,000

150,000

200,000

100,000

2014

Foreign Investors
60.8%

150,000

Securities Firms
36.8%

100,000

50,0000■ Trading Volume by Trade Type of Investors (JPX-Nikkei 400 Futures)Open Interest(contracts)

Trust Banks
0.5%

50,00025 26 27 28 1

2

3

4

5

8

NovemberInvestment Trusts
0.8%

0

9 10 11 12 15 16 17 18 19 22 24 25 26 29 30

Individual Investors
1.1%

December■ Nikkei 225 VI Futures ADV・Open Interest
Trading Vol.
(contracts)

Trading Volume
Open Interest (End of Year/Month)

2,500■ Trading Volume by Trade Type of Investors (Nikkei VI Futures)Open Interest(contracts)

20,0002,000

15,0001,500
10,000Business Firms
0.1%
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

2012

2013

0

Individual
Investors
2.4%

2014

■ Nikkei 225 Dividend Index Futures ADV・Open Interest
Trading Volume(Contracts)

Trading Volume
Open Interest (End of Year/Month)

600

Trading Volume(Contracts)

140,000

1,400

120,000

1,200

100,000

1,000

80,000800

60,000600

40,000400

20,000200

160,000

400
300
200
100

10

11

12

13

1

2

3

4

5

Year

■ TSE REIT Index Futures ADV・Open Interest

Open Interest(contracts)

500

0

6

7

8

9

10

11

0

12

0

600

10,000
8,000
6,000
4,000
2,000
08

09

10

11

12

13

1

2

3

4

Year

5

6

7

8

9

10

11

12

0

Month

■ Trading Volume by Trade Type of Investors (DJIA Futures)Open Interest(contracts)

Others
0.2%

2,500

500

Securities Firms
0.8%
Business Firms
4.2%

2,000

400

1,500

300

Foreign Investors
50.3%

1,000

200

2014

Individual
Investors
44.6%

500

100
0

14,00012,000Month

Trading Volume
Open Interest (End of Year/Month)

Open Interest(contracts)

Trading Volume
Open Interest (End of Year/Month)

1,600■ DJIA Futures ADV・Open Interest
Trading Volume(Contracts)

Securities Firms
36.8%

5,000

500
0

2014

Foreign Investors
60.8%

1,000

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

2012

2013

0

2014

3

January, 2015

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■ Trading Volulme by Trade Type of Investors (Nikkei 225 Options)

Open Interest(contracts)

Others0.4%

4,000,000

250,000
200,000

Securities Firms
13.6%

3,500,000

Trust Banks
0.6%

3,000,000

Investment
Trusts0.1%

2,500,000
2,000,000

150,000

1,500,000

100,000

Business Firms
1.1%

2014

Foreign Investors
72.8%

Individual
Investors
11.4%

1,000,000

50,000500,000

0

04 05 06 07 08 09 10 11 12 13 1

2

3

4

5

Year

6

7

8

0

9 10 11 12

Month■ TOPIX Options ADV・Open Interest
Trading Vol.
(contracts)

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

3,500■ Trading Volulme by Trade Type of Investors (TOPIX Options)
Open Interest(contracts)

90,000

Securities Firms
20.2%

80,0003,000

70,0002,500

60,0002,000

50,0001,500

40,000Foreign Investors
79.7%

Trust Banks
0.1%

2014

30,0001,000

20,000500

10,000004 05 06 07 08 09 10 11 12 13 1

2

3

4

5

Year

6

7

8

0

9 10 11 12

MonthSingle Stock Options■ Trading Volulme by Trade Type of Investors (Single Stock Options)■ Single Stock Options ADV・Open Interest
Trading Vol.
(contracts)

Open Interest(contracts)

Trading Volume (Block Trade)
Trading Volume (Auction)
Open Interest (End of Year/Month)

12,000600,000

10,000500,000

8,000

400,000

6,000

300,000

4,000

200,000

2,000

100,000

0

04 05 06 07 08 09 10 11 12 13 1

2

3

4

Year

5

6

7

8

9 10 11 12Securities Firms
29.8%

Foreign Investors
49.0%

Business
Firms
1.9%

0

Individual
Investors
19.4%

Month

■ Trading Volume by Underlying Securities（2014）
Ranking Code2014

IssuesTrading
Volume

Share

1

8306

Mitsubishi UFJ Financial Group,Inc. 101,538

9.6%

2

8316

Sumitomo Mitsui Financial Group,Inc.

90,783

8.5%

3

8604

Nomura Holdings, Inc.

68,879

6.5%

4

8411

Mizuho Financial Group,Inc.

68,307

6.4%

5

6758

SONY CORPORATION

65,923

6.2%

6

9984

SoftBank Corp.

58,017

5.5%

7

7201

NISSAN MOTOR CO.,LTD.

49,685

4.7%

8

7267

HONDA MOTOR CO.,LTD.

45,302

4.3%

9

1306

TOPIX Exchange Traded Fund

38,000

3.6%

10

7203

TOYOTA MOTOR CORPORATION

32,795

3.1%■ HV (Top 3 Trading Volume by Underlying Securities)
HV

100%

Mitsubishi UFJ Financial Group,Inc. (8306)
Sumitomo Mitsui Financial Group,Inc. (8316)
Nomura Holdings, Inc. (8604)

80%
60%
40%
20%
0%

4

2011

2012

Year

2013

2014

January, 2015

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

Trading Volume
Open Interest (End of Year/Month)

60,000

Securities Firms
37.2%

140,000
120,000

50,000Foreign Investors
51.7%

100,000

40,00080,00030,000Business Firms
0.1%

60,00020,00010,0000■ Trading Volume by Trade Type of Investors (10-year JGB Futures)Open Interest(contracts)

04 05 06 07 08 09 10 11 12 13 1

2

3

4

5

Year

6

7

8

9 10 11 12

40,000Trust Banks
0.3%

20,000

Other Financials
0.2%

0Insurance Firms
0.2%

Bankｓ
10.3%

Month

■ mini-10-year JGB Futures ADV・Open Interest
Trading Vol.
(contracts)2014■ 20-year JGB Futures ADV・Open Interest

Open Interest(contracts)

Trading Vol.
(contracts)

350

1,400

70

1,400

300

1,200

60

1,200

250

1,000

50

1,000

200

800

40

800

150

600

30

600

100

400

20

400

50

200

10

200

0

0

400

0

Trading Volume
Open Interest (End of Month)

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 7 8 9 10 11 12

2011

2012

2013

Open Interest(contracts)

Trading Volume
Open Interest (End of Month)

80

1,600

4

5

6

7

8

1,600

9

10

11

0

12

2014

2014

JGB Options■ Trading Volume by Trade Type of Investors (Options on JGB Futures)■ Options on JGB Futures ADV・Open Interest
Trading Vol.
(contracts)

14,00012,000Open Interest(contracts)

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

25,0008,000

20,0006,000

15,0004,000

10,000

2,000

5,000
04 05 06 07 08 09 10 11 12 13 1

2

3

Year

4

5

6

7

8

9 10 11 12

IV・HV

2014

Foreign Investors
64.1%

Bankｓ
20.9%

0

Month

■ Monthly Trading Volume and Exercise Volume■ HV・IV
15%

Securities Firms
14.4%

30,00010,0000

Others0.6%

35,000

Trading Vol.
(contracts)

JGBF-VI(point)HV
JGBF-VI10

150,000

8
10%

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

200,000

6

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

Exercise Vol.
(contracts)

20,000ＣＡＬＬ

15,000100,000

10,00050,000

5,000

0
4

5%

2

0

50,0005,000

100,000

10,000

ＰＵＴ

150,000
0%

11

12

13
Year

14

0

200,000

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 122012

5

15,0002013

20,0002014

January, 2015

Contract Specifications
Products

Trading Hours
AuctionBlock Trade

Tick Size (point/¥)
Block
Auction
Trade

Unit

No. of Margin per Unit (¥)
Contract
Months (As of the end of Dec. 2014)

Vendor Codes
Bloomberg

Reuters

QUICK

Nikkei 225 Futures101＊ 1,000

13¥720,000

NKA<INDEX>

0#JNI:

101.555

Nikkei 225 mini

5

1

＊ 100

5

¥72,000

NOA<INDEX>

0#JNM:

111.555

TOPIX Futures

0.5

0.1

＊ 10,000

5¥525,000

TPA<INDEX>

0#JTI:

151.555

mini-TOPIX Futures

0.25

0.05

＊ 1,000

3¥52,500

TMIA<INDEX>

0#JTM:

159.555

JPX-Nikkei 400
Futures

5

1

＊ 100

5

¥47,000

JPWA<INDEX>

0#JN4F: 105.555

TOPIX Core30 Futures

0.5

0.1

＊ 1,000

3¥27,000

TPCA<INDEX>

0#JTC:

171.555

TSE REIT Index Futures

0.5

0.1

＊ 1,000

3¥45,000

TREA<INDEX>

0#JRT:

155.555

0.1

0.1＊ 10,000

3¥67,000

TZA<INDEX>0#JBK:

348.555

RN Prime Index Futures

0.5

0.1

＊ 10,000

5¥390,000AZA<INDEX>

0#JRN:

140.555

Nikkei 225 Dividend
Index Futures

0.1

0.1

＊ 1,000

8(*1)¥5,500INTA<INDEX>

0#JND:

112.555

TOPIX Dividend Index
Futures

0.01

0.01

＊ 10,0008(*1)¥10,700

TDIA<INDEX>

0#JTD:

178.555

TOPIX Core30 Dividend
Index Futures

0.01

0.01

＊ 10,000

8(*1)¥7,000

TCDA<INDEX>

0#JRD:

179.555

OSE DJIA Futures

1

1

＊ 100

4

¥46,700

ODAA<INDEX>

0#JDI:

144.555

CNX Nifty Futures

1

1

＊ 100

3

¥19,500

ONYA<INDEX>

0#JNF:

146.555

0.05

0.01

＊ 10,0008¥61,000

JVIA<INDEX>

0#JNV:

145.555

0.01

0.01 ＊ 1,000,000

3¥120,000JJA<CMDTY>

0#JMB:

604.555

0.01

0.01 ＊ 1,000,000

3¥390,000JBA<CMDTY>

0#JGB:

601.555

0.005

0.005

＊ 100,000

3¥39,000

MJBA<CMDTY>

0#JGM:

611.555

0.05

0.01 ＊ 1,000,000

3¥1,650,000

JJAA<CMDTY>

0#JTB:

602.555

TOPIX Banks Index
Futures

Nikkei 225 VI Futures

9:00～15:15
16:30～3:00

9:00～15:15

8:20～16:00
16:15～3:00

8:20～16:00

5-year JGB Futures
10-year JGB Futuresmini-10-year JGB
Futures

8:45～11:02
12:30～15:02
15:30～3:00

8:20～15:15
15:25～3:00

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

Trading Hours
AuctionBlock Trade

Tick Size (point/¥)
Block
AuctionTradedetermined by
option price1 (¥50 or less)5 (over ¥50
to ¥1,000)
10 (more than
¥1,000)

Nikkei 225 Options

9:00～15:15
16:30～3:00＊ 1,000

No. of
Minimum No. ofContract
Months Exercise Prices

19

8:20～16:00
16:15～3:00
0.1(20pts or less)
0.5(more than 20pts)

TOPIX Options

9:00～11:35
12:30～15:15

8:20～16:00

determinedby option price

8:45～11:00
Options on JGB Futures 12:30～15:02
15:30～3:00

8:20～15:15
15:25～3:00

0.01

Single Stock Options

1

Unit

0.1

Reuters

QUICK

NKY<index>OMON 0#JNI*.OS OP2@

For contracts with4 months trading
period: 13 (ATM±6)
TPX<index>OMON 0#JTI*.OS OPT@For contracts lessthan 4months to
expiry: 19 (ATM±9)＊ 10,000

8＊minimumtrading unit
of underlying

4

5 (ATM±2)(security code)
0#OPT*.OS KO@15＜EQUITY＞OMON

3～4

21 (ATM±10)

JBA<CMDTY>OMON 0#JGB+

0.01 ＊ 1,000,000

633 (ATM±16)

Vendor Codes
Bloomberg

GB@

January, 2015

Trading Fees (as of January, 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 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¥7 per contract (discounted fee：Originally ¥40）

Nikkei 225 VI Futures

Regular Trade¥80 per contract

DJIA Futures
CNX Nifty Futures

Regular Trade¥40 per contract

RN Prime Index Futures

Regular Trade¥29 per contract

Regular Trade¥95 per contract

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

Nikkei 225 Options（Reference）Clearing Fees of JSCC
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

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 Exercise of
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¥5 per contract

Final settlement¥15 per contract

Regular Trade(*2)

0.5 bp per Trading Value

Regular Trade(*2)

Volume Discount Available (*1) (*2)(premium)
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. -TOPIX Options

Regular Trade¥40 per contract

Single Stock Options

Regular Trade¥10 per contract

Options on JGB Futures

Regular Trade¥40 per contract

Exercise(*2)

5.5 bp per amount to transfer by exercise

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 JPY 350 per trading unit. The maximum clearing fees are JPY 35 (Regular Trade) per trading unit and JPY 385 (Exercise) per trading unit.
(*3) Clearing fees for cash trading (trading value of cash trading by exercise × 0.000004) will be required additionally.
(Note) Give-up fees (JPY 5 per contract) will be required for Clearing Broker.(JPY 1 for Nikkei 225 mini, mini TOPIX Futures,JPX-Nikkei 400 Futures, TOPIX Core30
Futures, TSE REIT Index Futures, Dividend Index Futures, mini-10-year JGB Futures)

7

January, 2015

Trading Data (Jan.-Dec. 2014)
Products

Trading Volume

ChangeNikkei 225 Futures

25,917,773
199,121,967
20,877,250
4,743,111
1,606,338
3,896
132,531
28,7007,840
206,536
70,19043,958,283
320,313
1,062,389−
8,787,820
21,171
5,041
1,133,723-16.1%
404,272,268-14.9%
309,527,795-8.1%
266,204,469+50.3%
6,034,199−
2,067,885-53.5%
2,588+77.6%
215,511+75.0%
52,128-93.0%
1,925+436.5%45,351+161.7%
117,212-23.2%
7,112,966-17.1%
66,714-7.9%
10,157−−-2.9% 1,280,145,322+18.7%
308,590−
1,012,874-33.0%
119,044

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

TOPIX Core30 Futures
TSE REIT Index Futures

EquityTOPIX Banks Index Futures
Nikkei 225 Dividend Index Futures
Nikkei 225 VI Futures
DJIA Futures
Nikkei 225 Options
Options

TOPIX Options
Single Stock Options
5-year JGB Futures

Bond

Futures

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

Options

Options on JGB Futures

Trading Value Exercise Volume Open Interest

−
−
−
−
−
−
−
−
−
−
−
1,670,501
69,262
171,616−−−−
54,099439,812622,140
561,657
27,825
277,059339
11,803
4,991
53,4317,458
860
2,430,619
47,805
171,176−
96,722260
104
45,379(Contracts, ¥ million)

Trading Records
Nikkei 225 Futures
2014 (Jan.-Dec.)(Contracts, ¥)Highest Daily Trading Volume(Date)TOPIX Futures

Historical(Contracts, ¥)(Date)

2014 (Jan.-Dec.)(Date)(Contracts, Points)*10-year JGB Futures

Historical(Contracts, Points)(Date)

2014 (Jan.-Dec.)(Contracts, ¥)(Date)

Historical(Contracts, ¥)(Date)

456,326（14/12/10） 739,909（99/12/07） 671,141（14/06/10） 747,937（13/06/11） 153,849（14/03/06） 211,110（07/06/07）

26,438（14/12/26）
0（94/01/31） 20,038（14/12/25）
0（94/01/31） 10,224（14/12/29）
510（85/10/28）
Highest Open Interest 543,851（14/03/14） 684,617（08/03/14） 715,961（14/12/09） 784,611（13/12/11） 116,525（14/09/04） 310,415（00/02/08）
Lowest Open Interest 333,004（14/09/17） 10,450（88/09/09） 470,367（14/03/18） 11,183（88/12/08） 91,286（14/12/17） 14,585（85/12/12）
Highest Price
18,110（14/12/08） 39,820（89/12/27） 1,464.0（14/12/08） 2,956.0（89/12/18） 147.95（14/12/26） 147.95（14/12/26）
Lowest Price
13,850（14/04/11） 6,830（08/10/28） 1,120.0（14/04/11） 687.0（09/03/13） 143.32（14/01/06） 87.08（90/09/27）
Lowest Daily Trading Volume*Figures refer only to days when trading volume is not 0.

Latest News

Contact: JPX (Japan Exchange Group)Jan. 2013 : Japan Exchange Group was establishedJul. 2013 : Integration of Clearing Functions to JSCC
		 (Cross margin between Nikkei 225 Fut.
and TOPIX Fut. became available.)Mar. 2014 : Derivatives market integration
Mar. 2014 : CNX Nifty Fut. was listed
Apr. 2014 : 20-year JGB Fut. was relaunched
Nov. 2014 : JPX-Nikkei 400 Fut. was launched
Mar. 2015 : 	Weekly Options for Nikkei 225 will be
introduced

Osaka Exchange
Market Planning &Development Dept.
Tel: +81-50-3377-8645
mkt-biz@jpx.co.jp

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

LondonRepresentative Office

Beijing
Representative Office

Tel:+44-(0)-20-7329-2155
tse@tseldn.co.uk

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

New York
Representative OfficeHong Kong
Representative Office

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

Tel: 852-3965-3050
mark@jpxhk.com.hk

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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January, 2015