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JPX group companies undertake various initiatives and disseminate information with the aim of providing the most attractive markets to all users.
Every month, we showcase the highlights of these efforts in short and concise summaries just for you.
On October 7, JPX Market Innovation and Research, Inc. (JPXI) published a "List of Phased Weighting Reduction Constituents" in TOPIX and Tokyo Stock Exchange Mothers Index.
After reviewing the calculation guidelines in response to the market restructuring on April 4, 2022, JPXI has decided to implement the revisions in stages, having fully considered the issue of continuity as well as the impact on the market.
This publication of the "List of Phased Weighting Reduction Constituents" is based on such considerations.
As TOPIX is scheduled to be re-evaluated in October 2023, there is a possibility that said constituents will be removed from this list of phased weighting reduction constituents, depending on the results of this re-evaluation.
CME Group has announced that it will expand its Tokyo Stock Price Index futures offerings with the launch of U.S. dollar-denominated TOPIX Futures from November 21, 2022.
TOPIX futures are also traded on Osaka Exchange, at CME Group (yen-denominated), and on Taiwan Futures Exchange (New Taiwan dollar-denominated).
With the new addition of U.S. dollar-denominated TOPIX Futures from CME Group, it is expected that global recognition of TOPIX as a benchmark for investing in Japanese stocks will be given a boost, and that investors of TOPIX futures around the world will be able to enjoy higher liquidity and more efficient price formation.
Japan Exchange Group, Inc. has published its consolidated earnings report for Q2 2022.
Operating revenues were up JPY 0.9 billion (+1.5%) year-on-year to JPY 66.4 billion, mainly due to an increase in revenues from clearing-related services and trading linked to market conditions in which cash equity trading and derivatives trading volume exceeded those of the same period last year.
Operating expenses were up JPY 3.0 billion (+10.2%) year-on-year to JPY 33.2 billion, mainly due to an increase in amortization expenses associated with system replacements.
As a result, operating income decreased by JPY 1.9 billion (-5.3%) year-on-year to JPY 34.1 billion, and net income (attributable to owners of the parent company) decreased by JPY 1.3 billion (-5.6%) to JPY 23.1 billion.