Tokyo Stock Exchange (TSE) is pleased to announce that it has designated Newedge Japan as the "TOPIX Options Liquidity Provider".
Newedge is a major force in global multi-asset brokerage business, with a world-leading position in the execution and clearing of listed derivative products. With a presence in 25 locations in 17 countries, Newedge provides access to more than 80 exchanges and offers a full range of clearing and execution services covering options and futures contracts. Newedge Japan, the only securities firm in Japan being a member of 6 derivatives exchanges, is very active in Japanese derivatives market and has contributed significantly to the growth of derivatives markets in Japan.
Newedge's active participation to the TSE's Liquidity Provider program will certainly contribute to liquidity in the TOPIX options market, creating more efficient asset management and hedging opportunities for Japanese and foreign institutional investors, as well as all other investors who invest in Japanese stocks using TOPIX as a benchmark.
The TSE introduced the TOPIX Options Liquidity Provider System on June 1st, 2008 for the purpose of increasing liquidity in the TOPIX options market.