News Release

Sep. 19, 2017 JPXOSE 10th Anniversary of Equity Index Futures and Options Nighttime Trading

 

Osaka Exchange, Inc. (OSE) is celebrating the 10th anniversary of the nighttime trading of equity index futures and options.

Since the nighttime trading of equity index futures and options started on September 18, 2007(*1), the trading hours have been extended(*2) to adapt to growing investor needs. In July 2016, trading was made available until 5:30 a.m. (JST) along with the launch of our new derivatives trading system.
The market has grown substantially over the past decade. The night hours trading volume of late is poised to account for approximately 40 percent of that of the whole day. With the globalization of the Japanese stock market, many investors are using the extension of trading hours as a risk hedging tool.

OSE will continue expanding the derivatives market in its efforts to contribute to the development of the Japanese financial market.

  • Initially, after-hours trading was introduced in the form of the evening session from 16:30 to 19:00.
  • The trading hours were extended to 20:00 on Oct. 14, 2008 (1), 23:30 on Jul. 20, 2010 (2), and 3:00 of the following day on Jul. 19, 2011 (3), when the trading block was renamed the night session.
 

Comment from OSE President & CEO Hiromi Yamaji

It is a great pleasure for us to celebrate the 10th anniversary of the start of the nighttime trading. I would like to thank everyone for their support and cooperation in this success.
The extension of trading hours has been being used over the past decade by many, primarily overseas investors and Japanese retail investors, as a hedging tool against Japanese equities based on developments occurring outside Japan, such as equity or currency market movements in the U.S. and Europe.
The last extension in 2016 covers almost all trading hours in New York stock markets. We hope many investors will continue utilizing our market.

 

Please refer to the following file for more details.

10th Anniversary of Equity Index Futures and Options Nighttime Trading icon-pdf
 

Related Link

Trading Hours
Night Session
 

Contact

Osaka Exchange 
TEL:+81-6-4706-0800