CHICAGO and TOKYO, Jan. 8,
2018 /PRNewswire/ -- CME Group, the world's leading and
most diverse derivatives marketplace, and Japan Exchange Group
(JPX), Asia's leading
comprehensive exchange group, today announced the launch of
Japanese Yen-denominated Tokyo Stock Price Index (TOPIX) futures
contracts to begin trading on CME Globex on February 5, 2018, pending all relevant regulatory
review periods.
"International investors turn to CME Group to manage their
equity index risk, and we are pleased to provide them with access
to another strong, global benchmark: TOPIX," said Terry Duffy, CME Group Chairman and Chief
Executive Officer. "CME Group is now the only derivatives
marketplace outside of Japan to
offer futures based on the two main Japanese equity indices, Nikkei
and TOPIX, which provide opportunities for customers who need to
hedge or seek greater exposure to the Japanese equity markets."
"Trading TOPIX futures on both CME and Osaka Exchange, the
derivatives market of JPX, offers international investors the
opportunity to take advantage of greater liquidity and more
efficient price discovery," said Akira
Kiyota, Group CEO, JPX. "We look forward to growing our
markets together with CME Group and driving global visibility for
TOPIX as a benchmark."
Financially-settled TOPIX futures contract will be listed with
and subject to the rules and regulations of CME. TOPIX is a
free-float adjusted market capitalization-weighted index that is
calculated based on all common stocks listed on the First Section
of Tokyo Stock Exchange (TSE), the cash market of JPX, and is
widely used as a benchmark by institutional investors in
Japan. The index is administered
and published by the TSE, and regarded as a gauge of overall trends
in the Japanese domestic stock market. The contract unit of trade
is the TOPIX Index multiplied by JPY
5,000.
To learn more about CME Group TOPIX futures, please visit:
www.cmegroup.com/topix.
About CME
Group
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. Through its exchanges, CME Group offers the widest
range of global benchmark products across all major asset classes,
including futures and options based on interest rates, equity
indexes, foreign exchange, energy, agricultural products and
metals. CME Group provides electronic trading globally on its
CME Globex platform. The company also offers clearing
and settlement services across asset classes for exchange-traded
and over-the-counter derivatives through CME Clearing. CME
Group's products and services ensure that businesses around the
world can effectively manage risk and achieve growth.
CME Group, the Globe Logo, CME, Chicago Mercantile Exchange, CME
Direct and Globex are registered trademarks of Chicago Mercantile
Exchange Inc. All other trademarks are the property of their
respective owners.
About JPX
JPX, the Asia's leading
comprehensive exchange group, is integrated market infrastructure,
with its business domain covering cash and derivatives market
operation, self-regulation, and clearing Tokyo Stock Exchange
(TSE), the Asia's largest cash
equities exchange, is home to more than 3,500 companies and a wide
variety of ETP and REIT products, and Osaka Exchange (OSE), the
derivatives arm of the group, provides trading opportunities for
Japanese derivatives such as Nikkei 225 futures, TOPIX futures, and
JGB futures. In addition to efficient, stable and transparent
market mechanisms, self-regulation at Japan Exchange Regulation and
CCP functions provided by Japan Securities Clearing Corporation
also contribute to trust and confidence in its robust and reliable
market infrastructure. JPX will drive market development and
continue to diversify its business portfolio as it pursues the next
step forward towards becoming "Your Exchange of Choice". For
further information, please visit our website:
http://www.jpx.co.jp/english/.
CME-G
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SOURCE CME Group