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 flattened 2025, 2026 down vs. 2027, 2028 up.                           </li>
<li>Average volumes mostly in 2025 and 2026 dividend future.</li>
<li>Nikkei 225 dividend calendars at historical lows.</li>
</ul>


The Nikkei 225 dividend curve flattened 2025, 2026 down vs. 2027, 2028 up.                           
Average volumes mostly in 2025 and 2026 dividend future.
Nikkei 225 dividend calendars at historical lows.


Nikkei Dividends Update (May 16th – May 23rd)

<ul><li>High volatility of volatility with 1M implied volatility from 35.58 to 44.36 with maximum at 62.</li><li>Realized volatility vs. Implied volatility at 6M historical highs.</li><li>Nikkei 225 options’ volumes spiked with a lot of interests from 36,000 to 39,000.</li></ul>

High volatility of volatility with 1M implied volatility from 35.58 to 44.36 with maximum at 62.Realized volatility vs. Implied volatility at 6M historical highs.Nikkei 225 options’ volumes spiked with a lot of interests from 36,000 to 39,000.

Nikkei Volatility Update (Apr 4th – Apr 11th)

<ul><li>The Nikkei 225 dividend curve shifted lower again this week.            </li><li>Increase in volumes mostly in 2025 and 2026 dividend futures in a volatile market.</li><li>Nikkei 225 dividend calendars at historical lows.</li></ul>

The Nikkei 225 dividend curve shifted lower again this week.            Increase in volumes mostly in 2025 and 2026 dividend futures in a volatile market.Nikkei 225 dividend calendars at historical lows.

Nikkei Dividends Update (Apr 4th – Apr 11th)

<ul><li>The Nikkei 225 dividend curve collapsed on the back of the Equities sell off.</li><li>Average volumes mostly in 2025 and 2016 dividend futures with interest in term structure trades. 2025/2026 term structure is sharply down from 2 to -15.7.</li><li>Nikkei 225 dividend yield is up at 2.20%.</li></ul>

The Nikkei 225 dividend curve collapsed on the back of the Equities sell off.Average volumes mostly in 2025 and 2016 dividend futures with interest in term structure trades. 2025/2026 term structure is sharply down from 2 to -15.7.Nikkei 225 dividend yield is up at 2.20%.

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

<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)

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 (May 16th – May 23rd)

The Nikkei 225 dividend curve flattened 2025, 2026 down vs. 2027, 2028 up. Average volumes mostly in 2025 and 2026 dividend future.

Vantage Capital Markets Japan

Nikkei Volatility Update (Apr 4th – Apr 11th)

High volatility of volatility with 1M implied volatility from 35.58 to 44.36 with maximum at 62. Realized volatility vs. Implied volatility at 6M...

Vantage Capital Markets Japan

Nikkei Dividends Update (Apr 4th – Apr 11th)

The Nikkei 225 dividend curve shifted lower again this week. Increase in volumes mostly in 2025 and 2026 dividend futures in a volatile market.

Vantage Capital Markets Japan

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

The Nikkei 225 dividend curve collapsed on the back of the Equities sell off. Average volumes mostly in 2025 and 2016 dividend futures with interest

Vantage Capital Markets Japan

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