About JPX
Derivatives
Products
Commodity Index
CME Group Petroleum Index Futures
  • X
  • facebook
  • youtube
  1. HOME
  2. Derivatives
  3. Products
  4. Commodity Index
  5. CME Group Petroleum Index Futures
  6. Contract Specifications

CME Group Petroleum Index Futures

Contract Specifications

Type of Trade Cash-settled Futures Transaction
Underlying index CME Group Petroleum Index
Opening Date September 21, 2021
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
Contract Months Nearest 6 contract months
Last Trading Day The first business day (if said day in U.S. falls on a day on which the CME Group Petroleum Index will not be calculated, it is moved down in order) of each contract month
Contract Unit CME Group Petroleum Index × JPY 10,000
Tick Size 0.05 point (JPY 500 per Contract Unit)
Price Limits
  1. The price limit range is expanded by the following rates when the circuit breaker is triggered.
    Normal 10%
    1st Expansion 20%
    2nd Expansion 30%
    (Note) The price limit range is expanded to the 1st expansion of price limits, and then to the 2nd expansion of price limits (Only price limits in one direction, up or down, is expanded.)
    Price Limits/ Circuit Breaker Rule
    (Note) OSE may review price limit temporarily.
  2. Dynamic Circuit Breaker（DCB i.e.Immediately Executable Price Range）: LTP/BBO ± 1.0% (Note) The DCB Price Range for Opening Auction and Closing Auction will be 3.0% and 1.5% respectively.
    Immediately Executable Price Range Rule
Circuit Breaker Rule(SCB) In the case where there was a trade, etc. in the central contract month at the upper or lower price limit range, trading in all contract months are suspended for at least 10 minutes.
Price Limits/ Circuit Breaker Rule
Strategy Trades The calendar spread trading is available.
J-NET Trading Available（Tick size：JPY 0.0001、Minimum trading unit：1 unit）
J-NET Trading
Holiday Trading Available
Holiday Trading
Daily Settlement Price Settlement Price is determined by JSCC.
Final Settlement Price The final settlement price is the final index value of the CME Petroleum Index calculated and published after the end of the first trading session of the underlying futures since the close of the last trading day.(However, if said index value is negative, such settlement price is positive value of the smallest tick size.)
Customer Position Limits (separately for long and short positions) No Position Limits
Margin Calculated by VaR Method
Margin Calculation Method (VaR Method) for Futures and Options (JSCC)
Settlement
  • Resale or repurchase
  • Final settlement (Cash Settlement based on Final Settlement Price)
Give-Up Available
Give-Up System
Position-Transfer Available
Position Transfer System(JSCC)
Position Reporting Not required
Derivatives
PageTop
S