Market News
Oct. 23, 2013 OSE Introduction of CNX Nifty Futures
Considering needs of investment in and hedging against India’s rapidly growing capital market, Osaka Securities Exchange Co., Ltd. (OSE) will introduce futures based on CNX Nifty which is a major Indian stock index used as a benchmark in various financial instruments.
Outline of Trading
- (1) Trading Hours (JST)
From 9:00 a.m. to 3:15 p.m. and from 4:30 p.m.to 3:00 a.m. on the next day - (2) Contract Months
3 nearest serial contract months - (3) Contract Size
JPY 100 multiplied by the index point of CNX Nifty - (4) Tick Size (Minimum Price Intervals)
1 point
Future Plans
- (1) Period for Accepting Public Comments
From Thursday, October 24 to Friday, November 22, 2013 - (2) Launch Date
The same as the date when OSE and Tokyo Stock Exchange, Inc. integrate their derivatives markets (scheduled on March 24, 2014)
* Subject to preparations proceeding as scheduled, including approval from the related authorities.