Nikkei 225 micro Futures
About Nikkei 225 micro Futures
Nikkei 225 micro Futures is a stock price index futures contract based on the Nikkei Stock Average (Nikkei 225) that promises to buy or sell in the following conditions:
(1) 10 times the Nikkei 225
(2) on a specific future date
(3) at a price agreed upon at this time (contract price)
In light of the recent increase in the need for more detailed risk management methods against the backdrop of the trend toward smaller investments in the cash equity market, we have launched "Nikkei 225 micro Futures" on May 29, 2023, which can be traded with even smaller amounts than Nikkei 225 mini.
Micro Size
The minimum trading unit (1 contract) for Nikkei 225 micro Futures is 10 times the value of the Nikkei 225.
This is one-tenth the size of Nikkei 225 mini, which is one-tenth the size of Nikkei 225 Futures contract (micronized).
It is the smallest futures contract listed on Osaka Exchange and allows for more detailed trading with less capital.
Minimum trading unit (1 contract) when the Nikkei 225 is 30,000 yen
| Nikkei 225 micro Futures | Nikkei 225 mini | Nikkei 225 Futures | Minimum trading unit (1 contract) |
JPY 300,000 | JPY 3,000,000 | JPY 30,000,000 |
Tick Size
The tick size for Nikkei 225 micro Futures is 5 yen.
As with Nikkei 225 mini, orders can be placed in increments of 5 yen, such as 30,005 yen, so the market price fluctuates in increments of 5 yen.
When the market price moves by 5 yen (when the price moves by one tick), the amount of profit/loss fluctuation is 50 yen.
Market Maker Program
To supplement liquidity, a market maker program is introduced. For details of the program, please refer to the following page.
