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>2 business days before Jun25 SQ on Nikkei and Topix Futures &amp; Options</li>
<li>Both NK and TP rolls have been very stable compared to the past SQs.</li>
<li>Current Roll Levels: NK JUN25/SEP25 ROLL -21/-20, TP JUN25/SEP25 ROLL -0.4/-0.3</li>
</ul>


2 business days before Jun25 SQ on Nikkei and Topix Futures &amp; Options
Both NK and TP rolls have been very stable compared to the past SQs.
Current Roll Levels: NK JUN25/SEP25 ROLL -21/-20, TP JUN25/SEP25 ROLL -0.4/-0.3


Nikkei & Topix Future Roll Update (Jun 11th, 2025)

<ul><li>Flattening of the dividend curve this week on the back of the Index consultation on spin-offs.           </li><li>Volumes were very low with 530 lots trading (mostly on 2026).</li><li>Nikkei Dividend Yield is now 2.10%</li></ul>

Flattening of the dividend curve this week on the back of the Index consultation on spin-offs.           Volumes were very low with 530 lots trading (mostly on 2026).Nikkei Dividend Yield is now 2.10%

Nikkei Dividends Update (Jun 6th – Jun 10th)

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> is currently rallying after a modest pullback last week.</li>
<li>The index <strong>went above our model resistance level at 38347 (50% prob. of reversal)</strong>. It's modestly overbought and could go higher.</li>
<li>News can perturbate the trajectory of the index but at the moment the Nikkei seems directed towards higher prices: <strong>39216 is our profit target for this rally, before Jun 27th.</strong>
</li>
</ul>


The Nikkei 225 (NKY INDEX) is currently rallying after a modest pullback last week.
The index went above our model resistance level at 38347 (50% prob. of reversal). It's modestly overbought and could go higher.
News can perturbate the trajectory of the index but at the moment the Nikkei seems directed towards higher prices: 39216 is our profit target for this rally, before Jun 27th.



Nikkei 225 Tactical Outlook Amidst Sony Corp’s Financial Group Spin-Off Talks

<ul>
<li>The Nikkei 225 dividend curve up this week on the back end.                                        </li>
<li>Low volumes mostly in 2026 the lowest point of the curve</li>
<li>Nikkei 225 dividend calendars at historical lows.</li>
</ul>


The Nikkei 225 dividend curve up this week on the back end.                                        
Low volumes mostly in 2026 the lowest point of the curve
Nikkei 225 dividend calendars at historical lows.


Nikkei Dividends Update (May 23rd – May 30th)

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>Historic volatility has collapsed on the Nikkei, normalizing at a far quicker pace than the volatility episode last August.</li>
<li>Global uncertainty remains unresolved, casting a shadow over recent equity strength.</li>
<li>This week’s rally came without FX tailwinds, underscoring a potentially fragile move.</li>
</ul>


Historic volatility has collapsed on the Nikkei, normalizing at a far quicker pace than the volatility episode last August.
Global uncertainty remains unresolved, casting a shadow over recent equity strength.
This week’s rally came without FX tailwinds, underscoring a potentially fragile move.


Nikkei Index Options Weekly (May 26 – 30): Back to Pre-Tariff Levels, But Uncertainty Still Looms

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 & Topix Future Roll Update (Jun 11th, 2025)

2 business days before Jun25 SQ on Nikkei and Topix Futures & Options Both NK and TP rolls have been very stable compared to the past...

Vantage Capital Markets Japan

Nikkei Dividends Update (Jun 6th – Jun 10th)

Flattening of the dividend curve this week on the back of the Index consultation on spin-offs. Volumes were very low with 530 lots trading (mostly...

Vantage Capital Markets Japan

Nikkei 225 Tactical Outlook Amidst Sony Corp’s Financial Group Spin-Off Talks

The Nikkei 225 is rallying after a modest pullback last week, surpassing our model Q2 resistance level at 38347. While Sony Corp's spinoff is in...

Nico Rosti

Nikkei Dividends Update (May 23rd – May 30th)

The Nikkei 225 dividend curve up this week on the back end. Low volumes mostly in 2026 the lowest point of the curve. Low volumes mostly in 2026...

Vantage Capital Markets Japan

Nikkei Index Options Weekly (May 26 – 30): Back to Pre-Tariff Levels, But Uncertainty Still Looms

Nikkei's historic volatility has quickly normalized, but global uncertainty still looms over recent equity strength, with this week's rally...

John Ley

Nikkei & Topix Future Roll Update (Jun 11th, 2025)

2 business days before Jun25 SQ on Nikkei and Topix Futures & Options Both NK and TP rolls have been very stable compared to the past...

Vantage Capital Markets Japan

Nikkei Dividends Update (Jun 6th – Jun 10th)

Flattening of the dividend curve this week on the back of the Index consultation on spin-offs. Volumes were very low with 530 lots trading (mostly...

Vantage Capital Markets Japan

Nikkei 225 Tactical Outlook Amidst Sony Corp’s Financial Group Spin-Off Talks

​The Nikkei 225 is rallying after a modest pullback last week, surpassing our model Q2 resistance level at 38347. While Sony Corp's spinoff is in...

Nico Rosti

Nikkei Dividends Update (May 23rd – May 30th)

The Nikkei 225 dividend curve up this week on the back end. Low volumes mostly in 2026 the lowest point of the curve. Low volumes mostly in 2026...

Vantage Capital Markets Japan

Nikkei Index Options Weekly (May 26 – 30): Back to Pre-Tariff Levels, But Uncertainty Still Looms

​Nikkei's historic volatility has quickly normalized, but global uncertainty still looms over recent equity strength, with this week's rally...

John Ley

The Nikkei 225 is rallying after a modest pullback last week, surpassing our model Q2 resistance level at 38347. While Sony Corp's spinoff is in...

Nikkei's historic volatility has quickly normalized, but global uncertainty still looms over recent equity strength, with this week's rally...