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.

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)

<ul>
<li>Japanese Equities up 1.8% vs. World +1.22% and US +2.89% while HSCE was down 6.1%.</li>
<li>Japan Sectors: Real Estate up 6.22%, Mining +4.66%, Banks +4.20%</li>
<li>JPY 5Y Rates up 5bps, ITRAXX Japan 5Y jumped 4.3 pt.</li>
</ul>


Japanese Equities up 1.8% vs. World +1.22% and US +2.89% while HSCE was down 6.1%.
Japan Sectors: Real Estate up 6.22%, Mining +4.66%, Banks +4.20%
JPY 5Y Rates up 5bps, ITRAXX Japan 5Y jumped 4.3 pt.


Weekly Macroeconomic Report (26 March 2025)

<ul>
<li>Past performances of NKY and TPX are showing some strength at the end of calendar year and weakness around the summer.</li>
<li>April &amp; May are positive months for Japan Equities in average.</li>
<li>USDJPY showing positive returns from March to June in average.</li>
</ul>


Past performances of NKY and TPX are showing some strength at the end of calendar year and weakness around the summer.
April &amp; May are positive months for Japan Equities in average.
USDJPY showing positive returns from March to June in average.


<ul><li>Japanese Equities were up 3.88% last week (vs. M. World +0.81%) driven by Insurance, Banks and Wholesale Trade sectors.</li><li>JPY interest rates and Credit remained stable (ITRAXX Japan 50.81).</li><li>JPY was under pressure this week. USDJPY 149.62 (+1.37), EURJPY 163.62 (+2.22).</li></ul>

Japanese Equities were up 3.88% last week (vs. M. World +0.81%) driven by Insurance, Banks and Wholesale Trade sectors.JPY interest rates and Credit remained stable (ITRAXX Japan 50.81).JPY was under pressure this week. USDJPY 149.62 (+1.37), EURJPY 163.62 (+2.22).

Equity Derivatives

<ul>
<li>Volumes increased sharply as dealers roll from Mar25 to Jun25 before Friday’s SQ.</li>
<li>NK &amp; TP Rolls collapsed following indices cash spot</li>
<li>Current Roll Levels: NK MAR25/JUN25 ROLL -252/-251, TP MAR25/JUN25 ROLL -26.8/-26.7</li>
</ul>


Volumes increased sharply as dealers roll from Mar25 to Jun25 before Friday’s SQ.
NK &amp; TP Rolls collapsed following indices cash spot
Current Roll Levels: NK MAR25/JUN25 ROLL -252/-251, TP MAR25/JUN25 ROLL -26.8/-26.7


Nikkei & Topix Future Roll Update: 12 March 2025

Japan

The TOPIX, also known as the Tokyo Stock Price Index, is a capitalization-weighted index of all companies listed on the First Section of the Tokyo Stock Exchange. The index is supplemented by the subindices of the 33 industry sectors. The index calculation excludes temporary issues and preferred stocks, and has a base value of 100 as of January 4, 1968.

TSE Tokyo Price Index TOPIX (TPX INDEX)

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 Macroeconomic Report (26 March 2025)

Japanese Equities up 1.8% vs. World +1.22% and US +2.89% while HSCE was down 6.1%. Japan Sectors: Real Estate up 6.22%, Mining +4.66%, Banks...

Vantage Capital Markets Japan

Japan Equities Seasonality

Past performances of NKY and TPX are showing some strength at the end of calendar year and weakness around the summer. April & May are...

Vantage Capital Markets Japan

Weekly Macroeconomic Report

Japanese Equities were up 3.88% last week (vs. M. World +0.81%) driven by Insurance, Banks and Wholesale Trade sectors. JPY interest rates and...

Vantage Capital Markets Japan

Nikkei & Topix Future Roll Update: 12 March 2025

Volumes increased sharply as dealers roll from Mar25 to Jun25 before Friday’s SQ. NK & TP Rolls collapsed following indices cash spot Current...

Vantage Capital Markets Japan