The board of directors’ meeting was held on October 20, 2009, and determined to take a step towards the listing. Based on the decision, TOCOM will start to prepare for the launch of the Nikkei-TOCOM Commodity Index from now on. The below is the draft specification of the contract.
Nikkei-TOCOM Commodity Index – Contract Specification (draft)
(as of October 20, 2009)
Market |
Commodity index market (pilot) |
Trading Method |
CFD (Contract for Difference) |
Type of Trade |
Nikkei-TOCOM Commodity Index |
Swap Point |
N/A |
Trading Hours |
Day session: 9-15:30 (JTS) / Night session: 17-23 (JTS) |
Settlement Price |
Index price calculated based on settlement prices of the underlying commodity futures contracts at the end of day session (15:30). |
Mark-to-Market |
15:30 (once a day), T+1 |
Contract Size & |
5,000 * the futures price / 0.1 point |
Position Limits |
N/A |
Margins |
Spot Month Additional Clearing Margin: N/A |
Other |
It will be set according to the same principle as those applied to the other contracts. |
