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We are glad to announce that we have determined the launch date, etc. for JPX-Nikkei Index 400 futures market, whose specification has been announced on March 25, 2014.
Launch date and the Contract Months on Launch Date
The contracts will be launched on November 25, 2014 (Tue.).
Please note that since the launch date is scheduled to coincide with the clearing system integration date, if the latter date is changed, the launch date for JPX-Nikkei Index 400 futures will be also changed.
The following five quarterly contract months will be available for trading on the launch date: December 2014, March 2015, June 2015, September 2015, and December 2015.
Fees
Trading fee for JPX-Nikkei Index 400 futures trading is JPY 7 per contract.
Reference: Outline of JPX-Nikkei Index 400 Futures Contract Specifications
| JPX-Nikkei Index 400 Futures | |||||||
|---|---|---|---|---|---|---|---|
| Underlying Index | JPX-Nikkei Index 400 | ||||||
| Trading Hours | 9:00 - 15:15, 16:30 - 3:00 | ||||||
| Contract Months | 5 quarterly contract months (March, June, September, December cycle) | ||||||
| Last Trading Day | The trading day which ends on the business day preceding the second Friday of each contract month (If the second Friday is a non-business day, it shall be the preceding business day.). | ||||||
| Contract Unit | JPX-Nikkei Index 400 × JPY 100 | ||||||
| Tick Size | 5 pts. | ||||||
| Price Limits |
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| Immediately Executable Price Range or Dynamic Circuit Breaker (DCB) | 0.8% from the middle price between the bid and offer (temporary trading suspension 30 seconds). | ||||||
| Temporary Trading Halts (Circuit Breaker) | Temporary trading halts (circuit breakers) may be triggered. | ||||||
| Final Settlement | Cash settlement of difference based on SQ (Special Quotation) | ||||||
| Strategy Trading | Available (Only calendar spread trading will be available; tick size 1 point) | ||||||
| J-NET Trading | 8:20 - 16:00, 16:15 - 3:00 (Tick size: 1 point) | ||||||
| Trading Fees | JPY 7 per contract | ||||||
| Launch Date | November 25, 2014 (Tue.) * If the clearing system integration date is changed, the launch date for JPX-Nikkei Index 400 futures will be also changed. |
