1. Purpose
Considering needs of investment in and hedging against India’s rapidly growing capital market, Osaka Securities Exchange Co., Ltd. (OSE) will introduce futures based on CNX Nifty which is a major Indian stock index used as a benchmark in various financial instruments.
2. Outline of Trading
(1) Trading Hours (JST):
From 9:00 a.m. to 3:15 p.m. and from 4:30 p.m.to 3:00 a.m. on the next day
(2) Contract Months:
3 nearest serial contract months
(3) Contract Size:
JPY 100 multiplied by the index point of CNX Nifty
(4) Tick Size (Minimum Price Intervals):
1 point
3. Future Plans
(1) Period for Accepting Public Comments:
From Thursday, October 24 to Friday, November 22, 2013 (Accepting on OSE Website)
(2) Launch Date:
The same as the date when OSE and Tokyo Stock Exchange, Inc. integrate their derivatives markets (scheduled on March 24, 2014)
- (*)Subject to preparations proceeding as scheduled, including approval from the related authorities.
