Market News

Dec. 29, 2025 JPXI Handling of Nikkei-JPX Commodity Index and its Sub-Indexes in Relation to Reform of Cash-Settled Rolling Spot Futures on Precious Metals

As announced by Osaka Exchange, Inc. on June 30, 2025, in “Reform of Cash-Settled Rolling Spot Futures on Precious Metals,” with new cash-settled futures contracts for gold and platinum (new products) scheduled to be listed in April 2026, Cash-settled Rolling Spot Futures for gold and platinum (old products) will be suspended in December 2026.

Given this, the Nikkei-JPX Commodity Index and its sub-indexes will be handled in the following ways:
- There will be no extraordinary rebalancing of components weight to exclude the old products from the index components.
- When calculating the components weight applicable from June 2027, both the old and new products will be included when determining the scales of the futures markets for gold and platinum.

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