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>The Nikkei 225 dividend curve unchanged over the week                                         </li><li>Average volumes mostly on 2025 and 2016 dividend futures.</li><li>Nikkei 225 dividend yield is stabilizing at 2.10%.</li></ul>

The Nikkei 225 dividend curve unchanged over the week                                         Average volumes mostly on 2025 and 2016 dividend futures.Nikkei 225 dividend yield is stabilizing at 2.10%.

Nikkei Dividends Update (Mar 14th – Mar 21st)

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

<ul>
<li>The <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225 (NKY INDEX)</a> has been in a paralyzed trend since August 2024. Then at the end of February 2025 it started to correct.</li>
<li>As explained by <a href="https://www.smartkarma.com/profiles/travis-lundy" target="_blank" data-smartkarma-citation="accounts:25" rel="noopener">Travis Lundy</a> and <a href="https://www.smartkarma.com/profiles/brian-freitas" target="_blank" data-smartkarma-citation="accounts:4091" rel="noopener">Brian Freitas</a> the index rebalance on March 5th, 2025 was a bit unexpected and minimal in terms of changes.</li>
<li>The index bottomed 1 week after the March 2025 Nikkei 225 Average Review, and then started a rally, quite modest for now which could be signaling short-term tactical <strong>weakness</strong>.</li>
</ul>


The Nikkei 225 (NKY INDEX) has been in a paralyzed trend since August 2024. Then at the end of February 2025 it started to correct.
As explained by Travis Lundy and Brian Freitas the index rebalance on March 5th, 2025 was a bit unexpected and minimal in terms of changes.
The index bottomed 1 week after the March 2025 Nikkei 225 Average Review, and then started a rally, quite modest for now which could be signaling short-term tactical weakness.


Nikkei 225 Outlook After the Mar25 Rebalance

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.

<ul>
<li>A weekly recap of volatility and price metrics, covering option volumes, volatility trends, the spot/implied relationship, and open interest statistics.</li>
<li>The Bank of Japan held rates steady, with little reaction from the Nikkei or USD/JPY amid lower option volumes.</li>
<li>Implied volatility declined throughout the week, pressured by muted price action and low historic volatility.</li>
</ul>


A weekly recap of volatility and price metrics, covering option volumes, volatility trends, the spot/implied relationship, and open interest statistics.
The Bank of Japan held rates steady, with little reaction from the Nikkei or USD/JPY amid lower option volumes.
Implied volatility declined throughout the week, pressured by muted price action and low historic volatility.


Nikkei Index Options Weekly (Mar 17 – 21): Muted Reaction to BOJ as Volatility Declines

<ul><li>1M Implied volatility down 3.39 at 24.77 as the Nikkei 225 index stabilizes.</li><li>Higher correlation to USDJPY is remaining elevated.    </li><li>Increasing interest on short term upside calls to play the recovery.</li></ul>

1M Implied volatility down 3.39 at 24.77 as the Nikkei 225 index stabilizes.Higher correlation to USDJPY is remaining elevated.    Increasing interest on short term upside calls to play the recovery.

Nikkei Volatility Update (Mar 7th – Mar 14th)

<ul><li>The Nikkei 225 dividend curve is stabilizing after the recent sell off.                            </li><li>Increasing volumes mostly on 2025 dividend futures.</li><li>Nikkei 225 dividend yield is stabilizing at 2.15%.</li></ul>

The Nikkei 225 dividend curve is stabilizing after the recent sell off.                            Increasing volumes mostly on 2025 dividend futures.Nikkei 225 dividend yield is stabilizing at 2.15%.

Nikkei Dividends Update (Mar 7th – Mar 14th)

Japan

The Nikkei-225 Stock Average is a price-weighted average of 225 top-rated Japanese companies listed in the First Section of the Tokyo Stock Exchange. The Nikkei Stock Average was first published on May 16, 1949, where the average price was ¥176.21 with a divisor of 225. 

Nikkei 225 (NKY INDEX)

Nikkei Dividends Update (Mar 14th – Mar 21st)

The Nikkei 225 dividend curve unchanged over the week. Average volumes mostly on 2025 and 2016 dividend futures. Nikkei 225 dividend yield is...

Vantage Capital Markets Japan

Nikkei 225 Outlook After the Mar25 Rebalance

The March 25 Index rebalance is approaching, the index appears oversold according to our models, this insight is quite timely in predicting a...

Nico Rosti

Nikkei Index Options Weekly (Mar 17 – 21): Muted Reaction to BOJ as Volatility Declines

Weekly recap: Implied volatility drops as Bank of Japan holds rates steady, with little impact across markets and lower overall option volumes.

John Ley

Nikkei Volatility Update (Mar 7th – Mar 14th)

1M Implied volatility down 3.39 at 24.77 as the Nikkei 225 index stabilizes. Higher correlation to USDJPY is remaining elevated. Increasing...

Vantage Capital Markets Japan

Nikkei Dividends Update (Mar 7th – Mar 14th)

The Nikkei 225 dividend curve is stabilizing after the recent sell off. Increasing volumes mostly on 2025 dividend futures.

Vantage Capital Markets Japan

Nikkei Dividends Update (Mar 14th – Mar 21st)

The Nikkei 225 dividend curve unchanged over the week. Average volumes mostly on 2025 and 2016 dividend futures. Nikkei 225 dividend yield is...

Vantage Capital Markets Japan

Nikkei 225 Outlook After the Mar25 Rebalance

The March 25 Index rebalance is approaching, the index appears oversold according to our models, this insight is quite timely in predicting a...

Nico Rosti

Nikkei Index Options Weekly (Mar 17 – 21): Muted Reaction to BOJ as Volatility Declines

​Weekly recap: Implied volatility drops as Bank of Japan holds rates steady, with little impact across markets and lower overall option volumes.

John Ley

Nikkei Volatility Update (Mar 7th – Mar 14th)

1M Implied volatility down 3.39 at 24.77 as the Nikkei 225 index stabilizes. Higher correlation to USDJPY is remaining elevated. Increasing...

Vantage Capital Markets Japan

Nikkei Dividends Update (Mar 7th – Mar 14th)

The Nikkei 225 dividend curve is stabilizing after the recent sell off. Increasing volumes mostly on 2025 dividend futures.

Vantage Capital Markets Japan

Weekly recap: Implied volatility drops as Bank of Japan holds rates steady, with little impact across markets and lower overall option volumes.