Nikkei 400 index tipped to become Japan equity derivative benchmark
Cash business likely to stay with Nikkei 225 but derivative trades may shift
The newly launched JPX-Nikkei Index 400 is likely to see strong demand from institutional investors and has the potential to emerge as the index of choice for derivative products including over-the-counter, listed futures and options and for exchange-traded funds (ETFs), say market participants.
The Nikkei 225 has been criticised as too narrow and for the distorting effects of its price-weighted basis, with banks representing only 1.6% of the index and retailer Fast Retailing Co. 10.4% on its
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