Update : Apr. 02, 2001
Many stocks are affected by global events that may have either a positive or negative impact on the economic well-being of the entire market. Such events affect more than one stock. This type of price variability is called systematic risk. TOPIX options provide a means of managing this risk with a view to reducing it.
By using TOPIX options portfolio managers can adjust their portfolios without having a large impact on the underlying stock market.
TOPIX futures provide new investment tools, such as arbitrage and position trading.