JPX Sees Significant Uptick in H1 Trading Volumes

The firm saw significant year-on-year growth in equity index derivatives trading

This Monday, the Japan Exchange Group (JPX), the operator of the Tokyo Stock Exchange and Osaka Securities Exchange, released trading volumes for the first half of its 2018 fiscal year.

The Japanese company saw a year-on-year uptick in trading from April to September. Trading in equities and derivatives were both up, with significant an increase in the volume of exchange-traded-funds (ETFs) trading.

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Total trading in domestic stocks, in the ‘first section’ of the Tokyo Stock Exchange, was equal to ¥2.83 trillion ($24.82 billion). That was a 6.4 percent increase on last year’s ¥2.66 trillion ($23.33 billion).

In the ETF market, trading was up by 32.5 percent. Last year, JPX reported a total ETF trading volume of ¥135.6 billion ($1.19 billion). For the same period this year, the figure was ¥179.7 billion ($1.58 billion).

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JPX Derivatives

Things were just as positive in JPX’s derivatives markets. According to a statement released by the company on Monday, the exchange-operator saw its third-highest levels of derivatives trading in a six-month period.

From April to September of 2017, JPX reported a total trading volume, in its derivatives markets, of 148,412,376 contracts. This year that figure increased – by 8.3 percent – to 160,742,468 derivatives contracts.

Monetarily, the value of those contracts was much greater. In the first half of JPX’s 2018 fiscal year, the total value of derivatives trading activity was ¥1456 trillion ($12.77 trillion). That was a 19.8 percent increase on last year’s ¥1211 trillion ($10.62 trillion).

Though JPX did not state so explicitly, trading in equity index derivatives some of their highest levels ever in the first half of the 2018 fiscal year. Last year – with the second highest equity index trading levels ever – the firm reported a total volume of ¥606 trillion ($5.32 trillion). This year the number was ¥708 trillion ($6.21 billion).

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