Tokyo Stock Exchange Announces Launch Date Of Basis And Block Trading for JGB

The Tokyo Stock Exchange has decided to introduce Basis and Block Trading for JGB futures on April 9, 2001 in order to satisfy the diversifying needs of market users, and to enhance the convenience of JGB Futures as a hedging tool. Basis trading will allow the execution of cash JGB and JGB futures trades simultaneously; and block trading is expected to contribute to the smoother execution of large cross-transactions.