Japan Exchange Group, Inc. · TSE:8697
Japan Exchange — Investor Day (July 2023)
13 slides from Japan Exchange's investor day presentation, Jul 6, 2023
Slide 1: Derivatives Market: Exchange & beyond
JPX Investor Day 2023 Derivatives Market Exchange & beyond President & CEO, Osaka Exchange, Inc. Representative Director & Chair, Tokyo Commodity Exchange, Inc. Yokoyama Ryusuke July ６, 2023 © 2023 Japan Exchange Group, Inc.
Slide 2: Market Environment
Market Environment © 2023 Japan Exchange Group, Inc.
Slide 3: Overview of Derivatives Market - Overall Trading Volume
Overview of Derivatives Market - Overall Trading Volume ⚫ Derivatives trading volume is strongly influenced by market conditions and has a strong correlation with volatility. ⚫ In FY2022, volatility remained generally low and stable, although there were periods of increased volatility due to expecta
Slide 4: Recent Initiatives
Recent Initiatives ⚫ Listing of new products and introduction of new systems to meet the diverse needs of market participants Main initiatives in FY2022 and Beyond Change of listing status from trial listing to permanent Apr. 2022 listing of Electricity Futures (TOCOM) Trial listing of LNG Futures (
Slide 5: Status of Each initiative
Status of Each initiative © 2023 Japan Exchange Group, Inc.
Slide 6: Holiday Trading
Holiday Trading ⚫ Holiday trading of derivatives started on September 23, 2022 (Autumnal Equinox Day) to further enhance investor convenience by providing hedging opportunities during holidays ⚫ 10 holiday trading days have been conducted with a trading volume of about 30-40% of weekdays ➢ Trading v
Slide 7: Listing of Nikkei 225 micro Futures and Nikkei mini Options
Listing of Nikkei 225 micro Futures and Nikkei mini Options ⚫ Listed on May 29 as an entry-level product for those who have not yet used futures and options, in line with the trend toward smaller-lot equity investments. ➢ Newly listed products 1/10th the size of conventional products ⚫ Steady increa
Slide 8: Listing of Interest Rate (3-Month TONA) Futures
Listing of Interest Rate (3-Month TONA*) Futures ⚫ On May 29, new short-term interest rate futures were listed given the increased attention to Japanese yen interest rates in Japan and overseas due to interest rate hikes in other countries and rising prices, etc. ➢ Provide market participants with t
Slide 9: Gold Futures
Gold Futures ⚫ Gold has risen to record highs as global inflationary trends drive commodity prices higher. ⚫ Trading volume in Gold Futures, the main product in commodities, also remained at about 30,000 contracts. Ave. Daily Trading and Price Changes of Gold Standard Futures （Contract） Trading Volu
Slide 10: Electricity Futures
Electricity Futures ⚫ The number of trading participants in Electricity Futures has increased significantly since the electricity price spike in June 2021, reaching 164 companies (as of the end of May). ⚫ Trading volume also expanded at a pace of 1.6x/year for the FY2019-22 daily average. In the fut
Slide 11: Reference Materials
Reference Materials © 2023 Japan Exchange Group, Inc.
Slide 12: (Reference) Top 20 Products by Trading Volume (FY2022)
（Reference）Top 20 Products by Trading Volume（FY2022） Product Trading Volume y/y Note 1 Nikkei 225 mini 256,184,813 6.1% 2 TOPIX Futures 25,581,747 8.9% 3 Nikkei 225 Options 24,963,946 1.9% 4 Nikkei 225 Futures 21,467,298 15.8% 5 10-year JGB Futures 7,886,806 -3.0% 6 Gold Standard Futures 7,008,630 5
Slide 13: Disclaimer
Disclaimer - This English version is not an official translation of the original Japanese materials. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. Japan Exchange Group, Inc. (JPX) and its subsidiaries, includin