Nikkei 225 VI Futures

Contract Specifications

Underlying Index Nikkei Stock Average Volatility Index (Nikkei 225 VI)
Opening Date February 27, 2012
Trading Hours 9:00-15:15, 16:30-19:00
(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
  1. The price limit range is 10 points.
    (Note) The price limits will be expanded by 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 ± 10 ticks (0.5 points) 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 prices of Nikkei 225 VI on the business day following the last trading day.)
Margin Calculated by using SPAN®
(Margin offsetting with other index futures and options contracts is not allowed.)
Give-Up Available
Give-Up System
Position-Transfer Available
Position Transfer System(JSCC)