A new way to capture Japanese benchmark exposure
The first USD-denominated TOPIX futures offer market participants a new way to capture Japanese equity exposure while mitigating FX exposure. The contract complements yen denominated TOPIX futures, providing new trading opportunities in different currencies.
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Features and benefits
Japanese equity exposure
Get efficient access to the broader Japanese stock market in a single trade.
New spreading opportunities
Explore dynamic quanto spreading opportunities between the yen-and USD-denominated TOPIX contracts created by the JPY/USD exchange rate.
Multiple ways to access
Trade outrights electronically through CME Globex, capture the certainty of the close using Basis Trade at Index Close (BTIC), or bilaterally negotiate EFP transactions.
Greater capital efficiency
Save on potential margin offsets against other Equity Index futures at CME Group.
Counterparty risk mitigation
Mitigate risk through CME Clearing, one of the world’s leading central counterparty clearing systems.
Overnight electronic access
Enjoy electronic trading and around-the-clock access on CME Globex.
Products
Nikkei225 futures
Access the liquidity and capital efficiency of Nikkei225 futures at CME Group with flexible contract offerings now available – including standard yen-and USD-denominated contracts and E-mini sized yen denominated futures.
Explore this product in depth
About TOPIX
TOPIX® is a market benchmark with functionality as an investable index, covering an extensive proportion of the Japanese stock market. TOPIX is a free-float adjusted market capitalization-weighted index. TOPIX shows the measure of current market capitalization assuming that market capitalization as of the base date (January 4, 1968) is 100 points. This is a measure of the overall trend in the stock market and is used as a benchmark for investment in Japan stocks.
What is TOPIX?
Introducing TOPIX Futures
Migrating from iShares MSCI Japan ETF (EWJ) to TOPIX Futures
Basis Trade at Index Close (BTIC) for Topix Futures
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