G.H. Financials clears first trades on ICE three-month TONA futures

8th July, 2026

Narayani Srinivasan
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The transaction marks a pivotal moment for the Japanese Yen (JPY) derivatives market, highlighting the growing competition among global exchanges to capitalise on increasing demand to manage short-term JPY interest rate exposure.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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