JPX and TAIFEX secure TOPIX deal

TOPIX futures are set to launch by the end of the year in a new partnership between JPX and TAIFEX.

Japan Exchange Group (JPX) has announced cooperation plans with Taiwan Futures Exchange (TAIFEX) to introduce Tokyo Stock Price Index (TOPIX) futures with the launch scheduled for December.

Under the launch, the TOPIX futures will be denominated in the new Taiwan dollar (TWD).    

The partnership, which marks the first time TAIFEX has introduced a foreign equity exchange, will allow Taiwan investors additional exposure to Japanese equity markets as well as providing the potential for increased derivatives trading between the two countries.  

“We are very pleased to be looking at the upcoming launch of TWD-denominated TOPIX futures on TAIFEX. Through this cooperation, JPX hopes Taiwan investors have more interests in Japanese market,” said Akira Kiyota, CEO of JPX.  

“We look forward to further deepening the ties between the Taiwanese and Japanese capital markets as partners in Asia.”

TAIFEX’s chairman Len-Yu Liu spoke of the importance of such partnerships.

“In response to the rapidly changing and globalised financial market environment, cooperation and partnerships are becoming ever more important.

“We are excited about our tie-up with JPX to launch TOPIX futures, which enables Taiwan investors to trade one of the most heavily traded equity indices in Asia.”