The Tokyo Stock Exchange has unveiled plans to grow derivatives trading by 153% over the next year. The Asian exchange announced its plan on March 25, just a day after announcing that it will list three dividend futures on July 26 to capture previously traded over-the-counter contracts.
Its business proposal details its plans to achieve its target of doubling derivatives trading from levels recorded in 2007, representing growth of 153% from trading activity recorded during 2009. It aims to meet its objective by the end of its 2010 fiscal year, between March 31 2010 and March 30 2011.
In 2007, TSE recorded 33.09m trades so its new target is 66.18m. In 2009 it reported a total of 26.2m trades were executed.
At the heart of TSE’s plan for its derivatives segment is the expansion of its product portfolio, which will be done by introducing new products and...