Equity Derivatives Broker - Delta One Japan, Vantage Capital Markets Japan

François-Xavier Pustoc'h

Equity Derivatives Broker - Delta One Japan

Independent Financial Broker

Vantage Capital Markets Japan

We provide world class financial solutions to our extensive institutional client base including rapidly growing corporations, leading investment banks, commercial banks, asset managers, private equity funds, family offices and hedge funds.

Our services include capital market offerings and placements, wholesale brokerage and execution of cash and derivative products (both listed and OTC) across a range of asset classes.

VCM has offices in London, Hong Kong, Tokyo and Dubai from where we service our global client base. Our strength lies in the experience and quality of our teams, supported by excellent operations and infrastructure.

Equity Derivatives

<ul><li>1M Implied volatility spiked 13.23 points to 35.6 as the Nikkei 225 index collapsed 9%.</li><li>High correlation to USDJPY is remaining elevated.</li><li>Nikkei 225 among the highest implied volatility globally with VIX.</li></ul>

1M Implied volatility spiked 13.23 points to 35.6 as the Nikkei 225 index collapsed 9%.High correlation to USDJPY is remaining elevated.Nikkei 225 among the highest implied volatility globally with VIX.

Nikkei Volatility Update (Mar 28th – Apr 4th)

Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

Maxis Nikkei 225 Index Fund / Equity Derivatives

<ul>
<li>Volatility percentiles are flashing, and we explore what recent price action could signal for the week ahead.</li>
<li>Put activity surged, with especially heavy interest on Thursday and Friday and concentrated in short dates expiries.</li>
<li>We highlight the potential for equity market volatility to spill over into currency markets.</li>
</ul>


Volatility percentiles are flashing, and we explore what recent price action could signal for the week ahead.
Put activity surged, with especially heavy interest on Thursday and Friday and concentrated in short dates expiries.
We highlight the potential for equity market volatility to spill over into currency markets.


Nikkei Index Options Weekly Mar 31 – Apr 04): Volatility Elevated, Put Demand Surges

Macroeconomics

<ul>
<li>Japanese Equities down 6.3% vs. World -1.61% and US -2.49%. Chinese Equities almost unchanged while Korea and Taiwan down around 4.5%.</li>
<li>Japan Sectors: Nonferrous Metal down 12.22%, Oil &amp; Coal -9.49%, Banks -7.93% </li>
<li>JPY 5Y Rates down 8bps, ITRAXX Japan 5Y going up 2.37pt at 57.37</li>
</ul>


Japanese Equities down 6.3% vs. World -1.61% and US -2.49%. Chinese Equities almost unchanged while Korea and Taiwan down around 4.5%.
Japan Sectors: Nonferrous Metal down 12.22%, Oil &amp; Coal -9.49%, Banks -7.93% 
JPY 5Y Rates down 8bps, ITRAXX Japan 5Y going up 2.37pt at 57.37


Weekly Macroeconomic Report (April 2nd , 2025)

External broker reports(aggregated public sources), Scotiabank

Scotiabank

External broker reports(aggregated public sources)

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

FX & Rates

<ul><li>Sentiment and positioning data continue to suggest a meaningful shift in broader market thinking on the outlook for the USD.</li><li>CFTC data for the week through to last Tuesday indicate a further move away from the USD.</li><li>Non-Commercial (speculative) accounts held a net USD short position (aggregated across the major currencies we monitor in this report) of USD1.7bn after initiating a minor net USD short in the prior week’s data. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Sentiment and positioning data continue to suggest a meaningful shift in broader market thinking on the outlook for the USD.CFTC data for the week through to last Tuesday indicate a further move away from the USD.Non-Commercial (speculative) accounts held a net USD short position (aggregated across the major currencies we monitor in this report) of USD1.7bn after initiating a minor net USD short in the prior week’s data. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Weekly CFTC Sentiment Report - Speculative Sentiment Shifts Against the USD

<ul><li>1M Implied volatility slightly up 0.49 at 22.35 as the Nikkei 225 index softens.</li><li>High correlation to USDJPY is remaining elevated.</li><li>Nikkei 225 implied volatility rich against realized but trading on its 3M average.</li></ul>

1M Implied volatility slightly up 0.49 at 22.35 as the Nikkei 225 index softens.High correlation to USDJPY is remaining elevated.Nikkei 225 implied volatility rich against realized but trading on its 3M average.

Nikkei Volatility Update (Mar 21st – Mar 28th)

Japan

The Japanese yen is the official currency of Japan. 

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

JPY (USDJPY CURNCY)

Nikkei Volatility Update (Mar 28th – Apr 4th)

1M Implied volatility spiked 13.23 points to 35.6 as the Nikkei 225 index collapsed 9%. High correlation to USDJPY is remaining elevated.

Vantage Capital Markets Japan

Nikkei Index Options Weekly Mar 31 – Apr 04): Volatility Elevated, Put Demand Surges

Recent volatility percentiles suggest potential market movement ahead. We highlight the potential for spillover of equity market volatility into...

John Ley

Weekly Macroeconomic Report (April 2nd , 2025)

Japanese Equities down 6.3% vs. World -1.61% and US -2.49%. Chinese Equities almost unchanged while Korea and Taiwan down around 4.5%. Japan...

Vantage Capital Markets Japan

Weekly CFTC Sentiment Report - Speculative Sentiment Shifts Against the USD

Sentiment and positioning data continue to suggest a meaningful shift in broader market thinking on the outlook for the USD.

Scotiabank

Nikkei Volatility Update (Mar 21st – Mar 28th)

1M Implied volatility slightly up 0.49 at 22.35 as the Nikkei 225 index softens. High correlation to USDJPY is remaining elevated.

Vantage Capital Markets Japan

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Nikkei Volatility Update (Mar 28th – Apr 4th)

1M Implied volatility spiked 13.23 points to 35.6 as the Nikkei 225 index collapsed 9%. High correlation to USDJPY is remaining elevated.

Vantage Capital Markets Japan

Nikkei Index Options Weekly Mar 31 – Apr 04): Volatility Elevated, Put Demand Surges

​Recent volatility percentiles suggest potential market movement ahead. We highlight the potential for spillover of equity market volatility into...

John Ley

Weekly Macroeconomic Report (April 2nd , 2025)

Japanese Equities down 6.3% vs. World -1.61% and US -2.49%. Chinese Equities almost unchanged while Korea and Taiwan down around 4.5%. Japan...

Vantage Capital Markets Japan

Weekly CFTC Sentiment Report - Speculative Sentiment Shifts Against the USD

Sentiment and positioning data continue to suggest a meaningful shift in broader market thinking on the outlook for the USD.

Scotiabank

Nikkei Volatility Update (Mar 21st – Mar 28th)

1M Implied volatility slightly up 0.49 at 22.35 as the Nikkei 225 index softens. High correlation to USDJPY is remaining elevated.

Vantage Capital Markets Japan

Recent volatility percentiles suggest potential market movement ahead. We highlight the potential for spillover of equity market volatility into...