Tokyo Stock Exchange: TOPIX Futures Trading Volume For 2004 Sets Record High!

We are pleased to inform you that trading volume on TOPIX Futures contract (all contracts) set a yearly record-high, 10,305,017 contracts, 10.1% increase compared to the previous year.

<Annual trading volume for 2004 of TSE main derivatives products>

Products	Annual trading volume	Percentage change (y/y)	Open Interest (Year End)
TOPIX Futures	10,305,017 (Units) (Record High!)	+10.1%	314,064 (Units)
TOPIX Options	17,643 (Units)	-82.0%	1,440(Units)
Equity Options	174,482 (Units)	-41.2%	40,056(Units)
10-year JGB Futures	8,025,268 (100 mil. yen)	+24.1%	86,089 (100 mil. yen)
Options on 10-year JGB Futures	1,262,994 (units)	+29.9%	17,106 (units)

TOPIX Futures Annual Trading Volume and Year-End Open Interest

(*) Since the data of 2004 is based on a prompt data, it may be revised afterwards.