TOPIX Dividend Index Futures

Contract Specifications

Underlying Index TOPIX Dividend Index
Opening Date July 26, 2010
Ceasing Date August 17, 2020 (To be scheduled)
Trading Hours 8:45-15:15, 16:30-5:30
(Note) An order acceptance period ("pre-closing") is established for 5 minutes before the Itayose on close.
Trading Hours
Contract Months Every December: 8 contract months. (Available for a period up to 8 years and 3 months. 9 contract months during January and March.)
Last Trading Day The last business day of March.
SQ Day The business day following the last trading day.
Contract Unit TOPIX Dividend Index × ¥10,000
Tick Size 0.01 points
Price Limits
  1. The price limit range is 5 points.
    (Note) The price limits will be expanded by 2.5 points (Only price limits in one direction, up or down, will be expanded.)
    (Note) No limitation on how many times the price limit range will be expanded.
    Price Limits/ Circuit Breaker Rule
  2. Immediately Executable Price Range (DCB):LTP or BBO mid price ± 1 point Immediately Executable Price Range Rule
Circuit Breaker Rule (SCB) Price Limits/ Circuit Breaker Rule
Strategy Trades The calendar spread trading is available.
J-NET Trading Available (Tick size: 0.0001 points, Minimum trading unit: 1 unit)
J-NET Trading
Settlement Cash Settlement
Final Settlement Price Special Quotation
(SQ calculation is based on the total dividend of each component stock of TOPIX Dividend Index.)
Margin Calculated by using SPAN®
(Margin offsetting with other index futures and options contracts is allowed.)
Give-Up Available
Give-Up System
Position-Transfer Available
Position Transfer System(JSCC)