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Jun. 17, 2022 OSE Launch of Nikkei 225 micro Futures and Nikkei 225 mini Options

 

Osaka Exchange, Inc. (OSE) is glad to announce that in response to strong investor demand, it will be launching Nikkei 225 micro Futures and Nikkei 225 mini Options linked to the Nikkei Stock Average, which is calculated by Nikkei Inc. OSE is aiming to launch these contracts in the second quarter of 2023.
The recent trend toward smaller investment units in the cash equity market and other factors has increased demand for more precise risk management tools. There is also demand, in terms of ease of trading, for the launch of futures and options with smaller notional amounts than those in the past.
In light of such trends, OSE has decided to introduce "Nikkei 225 micro Futures," whose contract unit is one tenth of the Nikkei 225 mini, and to transform the current Nikkei 225 Weekly Options into "Nikkei 225 mini Options" by reducing the contract unit to one tenth of its current size and setting regular contract months in addition to the current weekly contract months. Through this development, OSE seeks to revitalize the futures and options market by widening the investor base.
In the meantime, OSE will be accepting public comments regarding this matter through the JPX website as of today.

Public Comments
 

Reference: Nikkei 225 Product Line-up as of Second Quarter of 2023 (planned)

Futures Product Contract Unit (Notional Value*)
Nikkei 225 Futures JPY 1,000 (JPY 30 million)
Nikkei 225 mini JPY 100 (JPY 3 million)
Nikkei 225 micro Futures JPY 10 (JPY 0.3 million)

* When the Nikkei 225 is at JPY 30,000.

Options Product Contract Unit Contract Months
Nikkei 225 Options JPY 1,000 Monthly
Nikkei 225 mini Options JPY 100 Monthly and Weekly

Contact

Osaka Exchange　　
TEL:+81-6-4706-0800


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