mini-TOPIX Futures
Contract Specifications
Underlying Index | TOPIX | ||||||
Opening Date | June 16, 2008 | ||||||
Trading Hours | 8:45-15:45, 17:00-6:00 (Note) An order acceptance period ("pre-closing") is established for 5 minutes before the Itayose on close. Trading Hours |
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Contract Months | 3 months in the March quarterly cycle (March, June, September and December) | ||||||
Last Trading Day | The business day preceding the second Friday of each contract month (When the second Friday is a non-business day, it shall be the preceding business day.) Trading in a new contract month begins on the business day following the last trading day. |
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SQ Day | The business day following the last trading day. | ||||||
Contract Unit | TOPIX × ¥1,000 | ||||||
Tick Size | 0.25 points | ||||||
Price Limits |
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Circuit Breaker Rule (SCB) | When the Circuit Breaker is triggered in TOPIX Futures (Large), trading will be suspended accordingly. Price Limits/ Circuit Breaker Rule |
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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 |
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Holiday Trading | Available Holiday Trading |
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Settlement | Cash Settlement | ||||||
Final Settlement Price | Special Quotation (SQ calculation is based on the total opening prices of each component stock of TOPIX on the business day following the last trading day.) |
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Margin | Calculated by VaR Method Margin Calculation Method (VaR Method) for Futures and Options (JSCC) |
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Settlement method |
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Give-Up | Available
Give-Up System |
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Position-Transfer | Available Position Transfer System(JSCC) |