Japan Exchange Group: Celebrating 30 Years Of 10-Year JGB Futures

Since the launch of 10-year JGB futures on the TSE market 30 years ago on October 19, 1985, we have seen steady demand for JGB derivatives with the launch of 10-year JGB futures options, 20-year JGB futures, 5-year JGB futures, and mini-10year JGB futures.

Besides product launches, market rules and matching engines were continually implemented and renewed to enhance the market, with notable developments in the form of the introduction of spread trading, off-auction trading, and the give-up system.

In March 2014, Japan Exchange Group integrated the TSE derivatives market into Osaka Exchange, and all derivatives trading operations including JGB futures and options were consolidated onto J-GATE.

Today, JGB derivatives have built up a high level of liquidity and are considered major Japanese interest rate products by investors worldwide.

As we celebrate 30 years of JGB futures in October 2015, we hope to enjoy your continued support and cooperation in our endeavors to improve the stability, reliability, and convenience of the JGB derivatives market.