CME Group, JPX enter agremenet to launch TOPIX futures contract on CME
CME Group and Japan Exchange Group announced the launch of Japanese Yen-denominated Tokyo Stock Price Index, or TOPIX, futures contracts to begin trading on CME Globex by Q1 2018, pending all relevant regulatory review periods. This new financially-settled TOPIX futures contract will be listed with and subject to the rules and regulations of CME. The TOPIX is a free-float adjusted market capitalization-weighted index that is calculated based on all common stocks listed on the First Section of Tokyo Stock Exchange, the cash market of JPX, and is widely used as a benchmark by institutional investors in Japan. CME Group has also entered into collaboration with JPX on promoting connectivity between their respective co-location facilities located in Aurora, IL and Tokyo. Both companies will engage in marketing activities to provide awareness and availability of the telecommunication providers who offer connectivity services to customers of each Exchange's co-location facilities.