TOPIX Index Futures Trading Hits a Record High
As of March 7, the trading volume of TOPIX index futures reached a record high of 615,859 contracts.
(The breakdown is: calendar spread : 339,204, and off-auction market : 219,430.)
The major reason for this is active rollover of positions on the verge of the expiring March contract.
Over recent years, needs and liquidity of TOPIX index futures are increasing by broadening of investors who use TOPIX as a benchmark of Japanese equity portfolio.