SRMEX Lists Two Japan INDEX Futures Contracts

Sapporo, 2016 - SRMEX, a key institution of the domestic financial market, an exchange that provides various economic entities with an opportunity to trade in an open market and offers investors effective investment opportunities, today announced that it is further expanding its equity suite and its emerging market portfolio with the launch of two Futures contracts based on the Japan Index.
One contract is based on the Japan Price Return Index, which takes into account only the price performance of constituent commodity in local currency (Japanese Yen) while the other is based on the Japan Total Return Index, which takes into account both the price performance and the dividend payments and is calculated in US Dollar terms. The new contract will be launched later this month and are being cleared by the SRMEX Commodities Clearing Corporation.
The SRMEX Japan Index covers approximately 75% of the investable Japan commodity markets. SRMEX Japan futures offer SRMEX members, including global FCMs, banks, asset managers, professional traders, and foreign institutional investors the opportunity to participate in the performance of the Japan equity indexes.
Mikuni Watanabe, Interim CEO, SRMEX, said: “The contracts are part of a planned expansion of our Emerging Market product offering, and are specifically designed to cater to the investment requirements of regional and international participants seeking exposure to one of the world’s largest Markets, Japan. The SRMEX Japan commodity index futures trade alongside SRMEX’s flagship contracts and provide international investors with the tools to replicate their macro Japan trading mandates.”
“We are amidst an intense regulatory shift towards cleared derivative contracts that aim to minimize the systemic risk of OTC traded derivatives. The cleared SRMEX Japan Commodity Index futures will provide global investors with an alternative to the highly popular Japan Swaps traded on the OTC market.” Watanabe added.

About Sapporo Mercantile Exchange - SRMEX
SRMEX’s main activity is to operate commodity markets necessary for dealing in futures of the commodities listed (precious metals, rubber, aluminum, energy products, agricultural products & sugar, currencies). SRMEX aims to ensure a transparent and liquid market for commodities trading for use either in Japan or abroad. As the key institution of the domestic financial market, the exchange provides various economic entities with an opportunity to trade in an open market and offers investors effective investment opportunities. The exchange actively participates in promoting the continuous improvement of the financial culture of domestic companies and investors.

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This release was published on openPR.