The Osaka Securities Exchange (OSE) is set to reintroduce some government bond futures and introduce new product based on Indian indices.
OSE will resume 20-year Japanese Government Bond futures trading on 7 April 2014.
The timing of the reintroduction is linked to the integration of the country’s derivatives markets at OSE and the Tokyo Stock Exchange, which will be integrated shortly beforehand on 24 March 2014.
OSE has also announced its intent to introduce a new futures product based on India.
The futures will be based on the CNX Nifty, an Indian index already used as a benchmark in a number of financial instruments.
The contract size is JPY 100 and the tenor will be three months. The plan is to launch the Nifty product at the time of the March 2014 derivatives market integration.