Nikkei Boosts Index Calculation

Japanese index provider Nikkei will next year begin calculating its Nikkei Stock Average Volatility Index—which the Osaka Securities Exchange last week licensed as the basis for new futures contracts—in real time to meet investor demand for more information on intraday options prices in light of global economic concerns. Originally calculated using daily closing prices, the index will now be calculated intraday at 15-second intervals.

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