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The First In Japan - Osaka Securities Exchange’s Derivatives Yearly Volume Has Exceeded 100 Million Units

Date 05/12/2007

The total trading volume of OSE’s listed futures and options of the current year recorded 100.31 million units (quick estimation) yesterday.

This figure hit the record high volume first among all 7 derivatives exchanges* in Japan (not only financial transactions but also including commodity transactions).

OSE recognizes that the major contributing factor of this establishment is the fact that the derivatives trading which used to be considered as the product targeting institutional investors, triggered by the introduction of Nikkei 225 mini, came to be highly evaluated and accepted by a number of individual investors as their asset management means for its hedge function and convenience.

OSE has accomplished its business objective, “Derivatives Yearly Volume Target: 100 Million Units”, within the first year of the Interim Business Plan for FY 2007 to 2009, and was able to mark a milestone in this significant year of 20th anniversary of stock futures market launched first in Japan.

While the derivatives trading in the world is growing high, OSE considers that the scale of derivatives market in Japan will further expand as the recognition of investors increases with the background factors of Japan’s economic scale and current of funds away from deposits to investment. OSE will contribute to the future of the Japanese financial market by making further efforts to improve market efficiency and by developing derivatives as useful means of asset management under the catchphrase of “To the Future with Futures”.

* Osaka Securities Exchange, Tokyo Financial Exchange, Tokyo Commodity Exchange, Tokyo Stock Exchange, Tokyo Grain Exchange, Central Japan Commodity Exchange, and Kansai Commodities Exchange