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Optiver brings on-screen liquidity to TOPIX options at the Osaka Exchange

  • Move will improve pricing, transparency and execution for investors
  • Long-term partnership envisioned with OSE to promote product growth

Optiver, a leading global market maker, is excited to announce that it is quoting prices on-screen for TOPIX options listed on Japan’s Osaka Exchange (OSE).

As a leading liquidity provider in Nikkei 225 options both on-screen and in the block market (J-NET), Optiver is pleased to add TOPIX options to its suite of Japan products.

The move will bring greater transparency to options on the TOPIX, a leading equity index benchmark that tracks a diversified set of companies reflecting the economic fundamentals of the Japanese economy. Deeper on-screen liquidity can provide investors with more accurate pricing, as well as the opportunity to access smooth, fast and best execution for their options trades.

With significant AUM tracking the TOPIX1 thanks to its popularity with institutional investors, options on the index are attractive for investors as a risk management tool, as well as a way to trade the volatility of the TOPIX index by itself or against Nikkei 225 volatility.

“We see these products as complementary and additive to Nikkei 225 options, the flagship options product at OSE, and we believe there’s enough interest to warrant providing liquidity on-screen,” says Sam Tagliabue, Head of Wholesale Trading at Optiver in Sydney. “With most TOPIX options currently trading OTC and a limited amount via block, we are making a long-term investment in the products’ potential and look forward to working with OSE and other partners to help grow the on-screen liquidity.”


[1] Exchange-traded funds listed on the Tokyo Stock Exchange tracking the TOPIX Index hold approximately $234 billion in assets, versus approximately $120 billion invested in ETFs tracking the Nikkei 225 Index, according to Bloomberg data.

About Optiver

Optiver is a global market maker with offices in Amsterdam, London, Chicago, Austin, Sydney, Shanghai, Hong Kong, Singapore and Taipei. Over thirty-five years ago, we started business as a single trader on the floor of Amsterdam’s European Options Exchange. Today, we are a leading liquidity provider, with more than 1,600 employees in offices around the world, united in our commitment to improve the market by competitive pricing, execution and thorough risk management. By providing liquidity on multiple exchanges across the world in various financial instruments we participate in the safeguarding of healthy and efficient markets. We provide liquidity to financial markets using our own capital, at our own risk, trading a wide range of products: listed derivatives, cash equities, ETFs, bonds and foreign currencies.

Contact

Nippei Yasuoka
APAC Institutional Trading
[email protected]

APAC Corporate Strategy team
[email protected]



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