Osaka Securities Exchange: Extension Of Trading Hours Of Stock Index Futures & Options etc.

Osaka Securities Exchange Co., Ltd. announced that the trading rules of Stock Index Futures and Options will be changed from a view point of improving market convenience and pricing facilitation.

1. Overview
   • Extension of trading hours
     Evening session trading hours will be extended through until 11:30 pm instead of 8:00 pm.
   • Change in minimum price fluctuation
     Minimum price fluctuation for Nikkei 225 Futures (so-called “Large”) and Nikkei 225 Options with premium over 1,000 yen will be narrowed to 5 yen from 10 yen.
2. Timing of Implementation
   Extension of trading hours: Spring 2010
   Change in minimum fluctuation: June 14, 2010