Japan Bourse to Boost JGB Futures Liquidity as Volatility Rises
The Osaka Securities Exchange building, operated by Japan Exchange Group Inc. (JPX), in Osaka, Japan.
Photographer: Akio Kon/BloombergOsaka Exchange Inc. is considering changes aimed at boosting foreign participation in its 20-year Japanese government bond futures, as surging volatility in the world’s third-largest debt market drives trading in the contracts to record levels.
Open interest jumped to 14,762 contracts in the third quarter — the first meaningful pickup since the product was launched — and rose further to 23,842 in the fourth quarter as of Dec. 10, exchange data show. Average daily volume followed a similar trend, climbing to 1,873 contracts as of the same date.