Tokyo Stock Exchange: TOPIX Futures Trading Volume For 2003 Sets Record High

We are pleased to inform you that trading volume on TOPIX futures contract (all contracts) set a yearly record-high, 9,359,137 contracts, 31.2% increase compared to the previous year.

<Annual trading volume for 2003 of TSE derivative products>

Products	Trading Volume	percentage change(y/y)	Open Interest (Year End)
TOPIX Futures	9,359,137(Units) ( Record high!)	+31.2%	295,606(Units)
TOPIX Options	98,137(Units)	+5.2%	490(Units)
Equity Options	296,574(Units)	-2.5%	15,905(Units)
10-year JGB Futures	6,465,073(100mil yen.)	+1.7%	50,849(100mil yen.)
Options on 10-year JGB Futures	972,518(Units)	-6.2%	17,051(Units)