Nikkei 225 VI Futures
Contract Specifications
| Underlying Index | Nikkei Stock Average Volatility Index (Nikkei 225 VI) |
| Opening Date | February 27, 2012 |
| Trading Hours | 9:00-15:45, 17:00-19:00 (Note) Orders are only accepted and not matched for 5 minutes before the Itayose on close. Trading Hours |
| Contract Months | 8 nearest serial contract months |
| Last Trading Day | A trading day which ends on the business day immediately preceding the day (if it falls upon an OSE non-business day, it will be advanced) that is 30 days prior to the Second Friday (if it falls upon an OSE non-business day, it will be advanced) of the calendar month immediately following each contract month Trading in a new contract month begins on the business day following the last trading day. |
| SQ Day | The business day following the last trading day. |
| Contract Unit | Nikkei 225 VI × ¥10,000 |
| Tick Size | 0.05 points |
| Price Limits |
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| 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 will be 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: 0.0001 points, Minimum trading unit: 1 unit) J-NET Trading |
| Holiday Trading | Available Holiday Trading |
| Settlement | Last traded price, etc. from 3:30 p.m. until the end of the Day Session *If necessary, notwithstanding the above, the settlement price will be adjusted as deemed appropriate by JSCC. |
| Final Settlement Price | Special Quotation (Special quotation is the average value of the Nikkei 225 VI over the 30 minutes starting from 9:00 a.m. on the business day following the last trading day.) * In the event that updates of the Nikkei 225 VI are suspended due to a trading halt in Nikkei 225 Futures or Options, a temporary trading halt caused by a static circuit breaker (SCB), or other factors, the period for which updates are suspended shall not be included in the 30 minutes. |
| Margin | Calculated by VaR Method Margin Calculation Method (VaR Method) for Futures and Options (JSCC) |
| Settlement method |
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| Give-Up | Available Give-Up System |
| Position-Transfer | Available Position Transfer System（JSCC） |