Abstract
The history of the financial futures market began in May 1972 when currency futures were listed and traded on the Chicago Mercantile Exchange (CME). The success of currency futures brought about other financial futures such as bonds, interest rates, and stock indices. With each additional new contract, the market expanded rapidly, and it now far exceeds the volume of commodity futures despite their much longer trading history. Of all the futures traded on the CME and Chicago Board of Trade (CBOT), in 1989 financial futures contracts accounted for 91 percent and 74 percent of the volume, respectively.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1992 Springer Science+Business Media New York
About this chapter
Cite this chapter
Murakami, Y. (1992). The Japanese Financial Futures Market: Present and Future Prospects. In: Edwards, F.R., Patrick, H.T. (eds) Regulating International Financial Markets: Issues and Policies. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-3880-2_13
Download citation
DOI: https://doi.org/10.1007/978-94-011-3880-2_13
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-5727-1
Online ISBN: 978-94-011-3880-2
eBook Packages: Springer Book Archive