Tokyo Financial Exchange Inc. (TFX) and S&P Dow Jones Indices LLC today announced a signed agreement which allows TFX to list DJIA Margin contracts based on Dow Jones Industrial Average (DJIA) on TFX.
By adding yen denominated DJIA Margin contracts to TFX’s Exchange Equity Index Margin Contracts called “Click Kabu 365”, Japanese investors will be able to trade contracts based on U.S. equity index without currency exchange risk.
TFX Managing Director, Wataru Ito said that “Dow Jones Industrial Average is one of the most highly-recognized overseas stock indices for Japanese retail investors. We are so delighted to be able to list DJIA Margin contracts on the index. Click Kabu 365 products currently available for trading base the following stock indices: Nikkei 225, a Japanese benchmark stock index, DAX® and FTSE100, European representative stock indices. As we additionally list DJIA Margin contracts this time, investors will be able to trade margin contracts on stock indices of Japan, Europe and U.S. in an account. I strongly believe this will facilitate further vitalization of the market.”
“We are pleased to serve as the index provider for this initiative by providing the Dow Jones Industrial Average, the iconic benchmark for U.S. equity market,” said Yoshiyuki Makino, Head of Japan at S&P Dow Jones Indices. “We look forward to collaborating with Tokyo Financial Exchange on various other initiatives and servicing Japanese investors.”
For the official release click here.