TOPIX Futures

Access more of Japan’s top stocks in a single trade

Launching in 2018, TOPIX futures will offer global investors an additional product to capture benchmark Japanese equity exposure. TOPIX futures will enhance CME’s suite of broad-based equity index futures and offer market participants additional opportunities for spread trading and fine-tuning their exposure.

The Tokyo Stock Price Index (TOPIX) is a free-float adjusted market capitalization-weighted index that is calculated based on all domestic common stocks listed on the Tokyo Stock Exchange (TSE) First Section. TOPIX reflects the measure of current market capitalization and is used as a benchmark for investment in Japanese stocks.

Register to receive research and product updates on CME Group's Japanese Equity Index futures offering.

Benefits

  • Access to the broader Japanese stock market in a single trade
  • Around-the-clock electronic trading
  • Execution flexibility with Basis Trade at Index Close (BTIC) capability on CME Globex
  • Counterparty risk mitigation through CME Clearing
  • Capital efficiency through margin offsets against other equity index futures

Indicative Margin Offsets

TOPIX futures vs.

Ration (TOPIX:Other)

Margin Credit

Nikkei 225 Yen futures

1:1

65%

Nikkei 225 USD futures

1:1

60%

E-mini Dow ($5) futures

2:1

45%

Margin offsets are indicative as of October 12, 2017 and subject to change.

TOPIX® is a trademark of Tokyo Stock Exchange, Inc. Chicago Mercantile Exchange Inc. has been licensed by Tokyo Stock Exchange, Inc. to use TOPIX®.  Tokyo Stock Exchange, Inc. shall not be responsible for any damage resulting from the sale of the Licensed Product.

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