Declining Liquidity in the Commodity Futures Market
First written in FY2016. 19 of 27 entries say "Worsened", first in FY2016. Latest entry: 2026-08-06.
Nissan Securities Group moved to the "Worse" side of this theme in 2017, the same year as the typical company in this theme.
1 other company's latest entry also says "Worsened".
- FY2026Increase in Trading of Core CommoditiesAnnual report
「Total trading value for Gold Standard Futures was ¥34.1461 trillion (228.0% of the year-earlier period), while trading volume was 1.720 million contracts (146.2% of the year-earlier period).」
Trading value and contract volume increased significantly for Gold Standard Futures, the company's main product. However, this does not indicate that the risk of declining liquidity across the commodity futures market has been resolved. - 2026-05-18WorsenedMonthly
「Derivatives trading volume (¥100,000s) 30,534 30,921 31,996 34,674 51,325 31,341」
Derivatives trading volume was 31,341 hundred thousand contracts in April 2026, down from 51,325 hundred thousand contracts in March. The monthly indicator for derivatives trading volume declined. - FY2026-H1WorsenedAnnual report
「Derivatives trading volume was 20.040 million contracts (83.2% of the year-earlier period), declining from the year-earlier period.」
Derivatives trading volume declined to 83.2% of the year-earlier period, and conditions in the commodity and financial derivatives markets deteriorated in terms of trading volume and liquidity. - FY2025WorsenedAnnual report
「Derivatives trading volume increased from the year-earlier period in the wholesale business to 45.200 million contracts (111.7% of the year-earlier period), but declined in the retail business to 2.165 million contracts (79.2% of the year-earlier period).」
While wholesale trading volume increased, derivatives trading volume in the retail business declined to 79.2% of the year-earlier period, indicating that market liquidity and trading volumes have not improved uniformly. - FY2021-Q3Increase in market trading volumeAnnual report
「Against this backdrop, nationwide market trading volume was 31.536 million contracts (108.1% of the year-earlier period).」
Nationwide market trading volume was 108.1% of the year-earlier period, exceeding the year-earlier period. There is no statement that the risk of declining market liquidity has been resolved. - FY2021-Q2WorsenedAnnual report
「Against this backdrop, nationwide market trading volume was 21.146 million contracts (99.1% of the year-earlier period).」
Nationwide market trading volume declined slightly to 99.1% of the year-earlier period, and the downward trend in trading volume in the commodity futures market has continued. The risk has been quantified, but as there is no statement indicating that liquidity risk itself has materialized, materialized is false. - FY2021-Q1WorsenedAnnual report
「Against this backdrop, nationwide market trading volume was 9.237 million contracts (96.3% of the year-earlier period).」
Nationwide market trading volume was 96.3% of the year-earlier period, and trading volume in the commodity futures market fell below the year-earlier period. The figures indicate worsening conditions related to declining liquidity and sluggish trading. - FY2020Full-year recovery in market trading volumeAnnual report
「Against this backdrop, nationwide market trading volume was 43.411 million contracts (101.9% of the year-earlier period).」
Nationwide market trading volume was 101.9% of the year-earlier period, increasing on a full-year basis from 82.9% in the previous fiscal year. However, there is no statement that market liquidity risk has been resolved. - FY2020-Q3WorsenedAnnual report
「Against this backdrop, nationwide market trading volume was 29.182 million contracts (87.9% of the year-earlier period).」
Nationwide market trading volume was 87.9% of the year-earlier period, and trading volume in the commodity futures market fell below the year-earlier period. The figures indicate worsening conditions related to declining liquidity and sluggish trading. - FY2020-Q2WorsenedAnnual report
「Against this backdrop, nationwide market trading volume was 21.337 million contracts (94.6% of the year-earlier period).」
Nationwide market trading volume was 94.6% of the year-earlier period, and trading volume in the commodity futures market fell below the year-earlier period. The figures indicate worsening conditions related to declining liquidity and sluggish trading. - FY2020-Q1WorsenedAnnual report
「Against this backdrop, nationwide market trading volume was 9.590 million contracts (80.4% of the year-earlier period).」
Nationwide market trading volume was 80.4% of the year-earlier period, and the figures indicate worsening conditions related to declining liquidity and sluggish trading in the commodity futures market. The risk has been quantified, but as there is no statement indicating that the risk itself has materialized, materialized is false. - FY2019WorsenedAnnual report
「Against this backdrop, nationwide market trading volume was 42.616 million contracts (82.9% of the year-earlier period).」
Nationwide market trading volume was 42.616 million contracts, or 82.9% of the year-earlier period, falling below the previous fiscal year. The figures indicate declining liquidity and sluggish trading in the commodity futures market. - FY2019-Q3WorsenedAnnual report
「Against this backdrop, nationwide market trading volume was 33.188 million contracts (90.1% of the year-earlier period).」
Nationwide market trading volume was 90.1% of the year-earlier period, and trading volume in the commodity futures market declined. The figures indicate worsening conditions related to declining market liquidity. - FY2019-Q2WorsenedAnnual report
「Against this backdrop, nationwide market trading volume was 22.552 million contracts (89.7% of the year-earlier period).」
Nationwide market trading volume was 89.7% of the year-earlier period, and trading volume in the commodity futures market declined. The figures indicate worsening conditions related to declining market liquidity. As a quantifiable figure is available, quantified is true; as there is no statement indicating that the risk itself has materialized, materialized is false. - FY2019-Q1Increase in market trading volumeAnnual report
「Against this backdrop, nationwide market trading volume was 11.934 million contracts (103.1% of the year-earlier period).」
Nationwide market trading volume was 103.1% of the year-earlier period, exceeding the year-earlier period. However, there is no statement that market liquidity risk has been resolved. - FY2018RestatedAnnual report
「In the commodity-related business, the core business of our Group, trading has been sluggish against the backdrop of trading being concentrated in particular instruments and declining volatility, which indicates the degree of price movements. Nationwide market trading volume has continued to trend downward.」
It explains that sluggish trading in the commodity futures market and the downward trend in nationwide market trading volume have continued. Full-year nationwide market trading volume was 51.379 million contracts (99.5% of the year-earlier period). - FY2018-Q3WorsenedAnnual report
「Against this backdrop, nationwide market trading volume was 36.847 million contracts (93.5% of the year-earlier period).」
Nationwide market trading volume was 93.5% of the year-earlier period, falling below the year-earlier period. The figures indicate worsening conditions related to declining liquidity in the commodity futures market. - FY2018-Q2WorsenedAnnual report
「In commodity markets, precious metals lacked direction through July because of a shortage of market-moving factors and were generally range-bound, led by gold. From August onward, however, they remained firm amid rising geopolitical risks surrounding North Korea and a weaker yen. Crude oil was on a declining trend through June against the backdrop of increased production by the United States and Russia, but subsequently remained firm as OPEC-led coordinated production cuts took effect. Against this backdrop, nationwide market trading volume was 25.144 million contracts (94.1% of the year-earlier period).」
Nationwide market trading volume was 94.1% of the year-earlier period, falling below the year-earlier period. The figures indicate worsening conditions related to declining liquidity in the commodity futures market. - FY2018-Q1WorsenedAnnual report
「Against this backdrop, nationwide market trading volume was 11.571 million contracts (81.5% of the year-earlier period).」
Nationwide market trading volume was 81.5% of the year-earlier period, declining from the year-earlier period. The figures indicate worsening conditions related to declining liquidity in the commodity futures market. - FY2017WorsenedAnnual report
「In the Group's core commodity-related business, the downward trend in trading volume on the national market has continued, and the decline in market liquidity has become pronounced.」
Nationwide market trading volume was 51.632 million contracts (97.2% of the year-earlier period), declining for the full year after a temporary increase at the quarterly level. The continued decline in market liquidity remains a significant issue. - FY2017-Q3Increase in market trading volumeAnnual report
「Against this backdrop, trading volume on the national market was 39,416 thousand contracts, or 104.3% year on year.」
Trading volume on the national market was 104.3% of the prior-year period. The increase in trading volume is indicated, but there is no statement that market liquidity risk has been eliminated. - FY2017-Q2Increase in market trading volumeAnnual report
「Against this backdrop, trading volume on the national market was 26,728 thousand contracts, or 104.7% year on year.」
Trading volume on the national market was 104.7% of the prior-year period. Trading volume increased, but there is no statement that market liquidity risk has been eliminated. - FY2017-Q1Increase in market trading volumeAnnual report
「Trading volume on the national market was 14,195 thousand contracts, or 123.9% year on year.」
Trading volume on the national market was 123.9% of the prior-year period. This records a change in trading volume and does not state that market liquidity risk has been eliminated. - FY2016WorsenedAnnual report
「Although nationwide market trading volume had continued to decline in recent years, it showed a slight recovery during the current consolidated fiscal year. Nevertheless, the decline in market liquidity remains pronounced.」
While nationwide market trading volume recovered slightly, the Group explained that the decline in liquidity remained pronounced.