Tokyo Financial Exchange to Launch DJIA Margin Contracts

by Victor Golovtchenko
  • The Tokyo Financial Exchange announced that it is going to start offering Dow Jones Industrial Average margin contracts.
Tokyo Financial Exchange to Launch DJIA Margin Contracts
The Dow Jones info ticker on Times Square in New York, Bloomberg

The Tokyo Financial Exchange (TFX) and S&P Dow Jones Indices LLC have announced that the companies have reached an agreement to expand the list of offerings on the Japanese margin contracts market. The TFX will begin listing DJIA Margin contracts which will be derived from the value of the Dow Jones Industrial Average (DJIA).

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The contracts will be traded on the Exchange Equity Index Margin Contracts electronic Trading Platform called “Click Kabu 365” and will be denominated in Japanese yen. This adds to the opportunities for Japanese investors on the local Tokyo Financial Exchange after they gained access to the German Dax in 2010.

With the denomination in Japanese yen, the instrument will be more convenient for local investors that are holding Japanese currency.

The TFX Managing Director, Wataru Ito, commented on the announcement: “Dow Jones Industrial Average is one of the most highly-recognized overseas stock indices for Japanese retail investors. Click Kabu 365 products currently available for trading base the following stock indices: Nikkei 225, a Japanese benchmark stock index, DAX® and FTSE100, European representative stock indices.”

“As we additionally list DJIA Margin contracts this time, investors will be able to trade margin contracts on stock indices of Japan, Europe and U.S. in one account. I strongly believe this will facilitate further vitalization of the market,” he added.

Last year, the TFX registered massive growth in the DAX contracts traded through the platform. The figure increased by 87 per cent year-on-year. The number was the only one which registered growth for the yearly period, as both the Nikkei 225 and FTSE 100 margin contracts registered declines.

The Tokyo Financial Exchange (TFX) and S&P Dow Jones Indices LLC have announced that the companies have reached an agreement to expand the list of offerings on the Japanese margin contracts market. The TFX will begin listing DJIA Margin contracts which will be derived from the value of the Dow Jones Industrial Average (DJIA).

Avid industry news reader? take the Finance Magnates quiz

The contracts will be traded on the Exchange Equity Index Margin Contracts electronic Trading Platform called “Click Kabu 365” and will be denominated in Japanese yen. This adds to the opportunities for Japanese investors on the local Tokyo Financial Exchange after they gained access to the German Dax in 2010.

With the denomination in Japanese yen, the instrument will be more convenient for local investors that are holding Japanese currency.

The TFX Managing Director, Wataru Ito, commented on the announcement: “Dow Jones Industrial Average is one of the most highly-recognized overseas stock indices for Japanese retail investors. Click Kabu 365 products currently available for trading base the following stock indices: Nikkei 225, a Japanese benchmark stock index, DAX® and FTSE100, European representative stock indices.”

“As we additionally list DJIA Margin contracts this time, investors will be able to trade margin contracts on stock indices of Japan, Europe and U.S. in one account. I strongly believe this will facilitate further vitalization of the market,” he added.

Last year, the TFX registered massive growth in the DAX contracts traded through the platform. The figure increased by 87 per cent year-on-year. The number was the only one which registered growth for the yearly period, as both the Nikkei 225 and FTSE 100 margin contracts registered declines.

About the Author: Victor Golovtchenko
Victor Golovtchenko
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About the Author: Victor Golovtchenko
  • 3422 Articles
  • 7 Followers

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