Osaka Exchange Offers First Nikkei Volatility Futures
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The Osaka Securities Exchange Co. started offering Nikkei 225 Volatility Index futures today, the first exchange-traded Japanese securities that allow investors to hedge against swings in the stock market.
The futures on the volatility index, a measure of expected movement in stocks over the next 30 days, began trading a week after Hong Kong’s exchange started offering similar products. At the 3:10 p.m. close, 49 contracts expiring March 13 worth 10,000 yen ($123) each had changed hands at the Osaka bourse.