TFX today announced it will launch Three-month TONA futures and Three-month TONA futures option contracts on March 20, 2023.
１．Three-month TONA futures
|
Underlying Asset
|
Compounded daily TONA during a period of 3 months from the contract month
|
|
Trading Unit
|
1 Basis point value (price fluctuation of 0.01) = 2,500 yen
|
|
Minimum Price Fluctuation
|
0.001（0.001%＝250 yen）
|
|
Contract Month
|
Nearest 20 Quarterly Months（3,6,9,12）= 5 years
|
|
Last Trading Day
|
3rd Wednesday of the calendar month following each contract month by 3 months
|
|
Trading Hours
|
8:45～11:30（Day Session）※1
12:30～15:30（Day Session）
15:30～20:00（Evening Session）
|
※1 Last trading day’s Day session with respect to each contract month shall be 8:45～9:30
２．Three-month TONA futures option contracts Contract Specifications
|
Underlying Asset
|
Three-month TONA futures
|
|
Trading Unit
|
One Trading Unit for Three-month TONA futures
|
|
Minimum Price Fluctuation
|
0.001（0.001%＝250 yen）
|
|
Contract Month
|
Nearest 5 Quarterly Months（3,6,9,12）
|
|
Last Trading Day
|
Same as respective underlying futures contract
|
|
Exercise Price
|
12.5 basis points (0.125) increments
|
|
Exercise
|
First Trading Day to Last Trading Day（American Style）
|
|
Trading Hours
|
8:45～11:30（Day Session）※2
12:30～15:30（Day Session）
15:30～20:00（Evening Session）
|
※2 Last trading day’s Day session with respect to each contract month shall be 8:45～9:30
.jpg)
