Nikkei 225 Futures (Large Contracts)
CONTRACT SPECIFICATIONS
| Nikkei 225 Futures (Large Contracts) | |
|---|---|
| Underlying Index | Nikkei Stock Average (Nikkei 225) |
| Opening Date | September 3, 1988 |
| Trading Hours |
8:45-15:45, 17:00-6:00 |
| Contract Months | Quarterly Contract Months (Available for a period up to 8 years)
|
| Last Trading Day | The business day preceding the second Friday of each contract month (When the second Friday is a non-business day, it shall be the preceding business day.) Trading in a new contract month begins on the business day following the last trading day. |
| SQ Day | The business day following the last trading day. |
| Contract Unit | Nikkei 225 × JPY 1,000 |
| Tick Size | JPY 10 (Value per tick: JPY 10,000 per contract) |
| Price Limits |
|
| Circuit Breaker Rule (SCB) | In the case where there was a trade, etc. in the central contract month at the upper or lower price limit range, trading in all contract months will be suspended for at least 10 minutes. Price Limits / Circuit Breaker Rule |
| Strategy Trades | The calendar spread trading is available. |
| J-NET Trading | Available (Tick size: JPY 0.0001, Minimum trading unit: 1 unit) J-NET Trading |
| Flexible Futures Trading | Available |
| Holiday Trading | Available |
| Settlement | Cash Settlement |
| Final Settlement Price | Special Quotation (SQ calculation is based on the total opening prices of each component stock of Nikkei 225 on the business day following the last trading day.) |
| Margin | Calculated by VaR Method Margin Calculation Method (VaR Method) for Futures and Options (JSCC) |
| Give-Up | Available |
| Position-Transfer | Available |
