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Aug. 05, 2025 OSE 20-year JGB Futures: Trading Volume in July 2025 Hit Highest Levels Since 2014

In July 2025, business was brisk in mini 20-year JGB Futures at Osaka Exchange, Inc. (OSE).
Amid recent fluctuations in JPY interest rates, and with investors reaffirming the importance of 20-year JGB Futures, OSE has been working to improve liquidity in cooperation with market makers and other market participants. As a result, on July 2, 100 contracts (JPY 1 billion in face value) were executed, marking the first transaction in this product for about three years. Trading has continued daily since, and the total trading volume for July reached 12,099 contracts (JPY 120.99 billion in face value), representing the highest monthly figures by far since the market was relaunched in 2014, and surpassing the April 2014 record high of 1,581 contracts.

OSE will continue in its efforts to improve efficiency in the yen interest rate market in order to meet the needs of market players.

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