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Osaka Exchange: New Products And Trading Rule Revisions With Launch Of Next Generation Derivatives Trading System

Date 24/06/2015

We are pleased to announce listing new products and revisions to the trading rule at the Next Generation Derivatives Trading System (Next J-GATE).

JPX’s vision is to become “The most preferred exchange in the Asian region”, and one of the key strategies for the goal is “Expansion of the derivatives market”. Next J-GATE development is a vital initiative to support this key strategy from the infrastructure aspect.
We aim to make the most of the enhanced system processing capacity and new functionalities of the Next J-GATE so as to further improve convenience for investors and market participants. Also, we are considering introducing new products/trading rules/functionalities and changing some rules in order to promote market liquidity.

Major points are as follows

  1. List Tokyo Stock Exchange Mothers index futures and JPX-Nikkei Index 400 options.
  2. Move back the end of Night Session from the current 3:00 am to 5:30 am.
  3. Move the start of Day Session from the current 9:00 am to 8:45 am for Index futures.
  4. Introduce time periods not to accept order amend/cancel (Non Cancel Period: NCP) for some Index futures.
  5. Provide Pre-trade-risk-check tool.
New Products and Trading Rule Revisions with Launch of Next Generation Derivatives Trading System

OSE is accepting public comment regarding this matter.