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Nikkei 225 (DOLLAR)
Dollar-denominated Nikkei 225 futures provide a way to efficiently gain exposure to the benchmark index of 225 top-rated, blue-chip Japanese stocks. They also enable you to:
- Lessen the systematic (market) risk of a portfolio containing Japanese equities and minimize dollar-yen FX risk
- Protect the value of a portfolio of Japanese equities during bear markets without incurring high transaction costs, taxes and custodial fees.
- Use a dollar-based contract to eliminate the need to perform multiple foreign exchange conversions
- Participate in the Japanese equity markets with one trading decision rather than selecting individual issues to engage in global asset allocation
- Accommodate a range of strategies, different market environments and varied objectives
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View free real-time quotes on a variety of electronically traded CME Group products
Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products
- Fee Waivers on the S&P MidCap 400 and S&P SmallCap 600 contracts
- Tools to Transfer Russell 2000 Open Interest to S&P SmallCap 600 or S&P MidCap 400 Contracts:
- Coming May 19: New EMD-ER2 Intercommodity Spread Tool
- Available now: SMC-ER2 Intercommodity Spread Tool
Reduced Fees on Spread-Traded E-mini Options
ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options
Block trades for E-mini Russell 2000
CME Group is offering an expanded block trade program for E-mini Russell 2000 products. This program is designed to help facilitate an orderly transition of open interest with the end of our contractual listing rights nearing (September 2008). Waivers have been added for certain block transactions.
- Equity Index Products Research Center
- Equity Index Choices resource center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A
| Trade Unit | $5 times the Nikkei Stock Average | ||
| Settle Method | Cash Settled | ||
| Point Size | 1 index point = $5.00 | ||
| Strike Price Interval | |||
| Strike | |||
| Limits/Price Banding | The Daily Price Limit shall be based on the settlement price of the lead month futures contract on the last business day of the preceding month: Lead Month Settlement Daily Limit (Index points) 0 - 20,000; 1,000 20,005 - 30,000; 1,500 30,005 and up; 2,000 | ||
| Tick Size (Minimum Fluctuation) |
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| Trading Hours | Standard Time: 2:00 a.m. to 3:15 p.m., reopening from 3:30 - 4:30 p.m. (Monday through Friday) Daylight Savings Time: 3:00 a.m. to 3:15 p.m., reopening from 3:30 - 4:30 p.m., closing from 4:30 - 5:00 p.m, reopening from 5:00 - 6:00 p.m. | ||
| Listed | |||
| Product Codes | Clearing=NK Ticker=NK Globex=NKD | ||
| Minimum Block Size | |||
| Product Calendar | Four months in the March Quarterly Cycle. Mar, Jun, Sep, Dec. View current product listings |
| Trade Unit | $5 times the Nikkei Stock Average | ||
| Settle Method | Cash Settled | ||
| Point (Tick) Size | 1 index point = $5.00 | ||
| Strike Price Interval | |||
| Strike | |||
| Limits/Price Banding | |||
| Minimum Fluctuation |
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| Trading Hours | 8:00 a.m. to 3:15 p.m. LTD: 3:15 pm | ||
| Listed | Based on settlement of Osaka Securities Exchange lead month futures on last business day of preceding month. If settlement is less than 20,005 Daily limit is 1,000 points. If between 20,005 and 30,005 then Daily limit is 1,500 points. If greater than 30,005 then Daily limit is 2,000 points. | ||
| Product Codes | Clearing=NK Ticker=NK Globex=NKD | ||
| Minimum Block Size | |||
| Product Calendar | Four months in the March Quarterly Cycle. Mar, Jun, Sep, Dec. View current product listings |
Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products
- Fee Waivers on the S&P MidCap 400 and S&P SmallCap 600 contracts
- Tools to Transfer Russell 2000 Open Interest to S&P SmallCap 600 or S&P MidCap 400 Contracts:
- Coming May 19: New EMD-ER2 Intercommodity Spread Tool
- Available now: SMC-ER2 Intercommodity Spread Tool
Reduced Fees on Spread-Traded E-mini Options
ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options
Block trades for E-mini Russell 2000
CME Group is offering an expanded block trade program for E-mini Russell 2000 products. This program is designed to help facilitate an orderly transition of open interest with the end of our contractual listing rights nearing (September 2008). Waivers have been added for certain block transactions.
- Equity Index Products Research Center
- Equity Index Choices resource center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| SEP08 | NKU08 | 09/14/2007 |  |
09/11/2008 | 09/12/2008 |
| DEC08 | NKZ08 | 12/14/2007 | |
12/11/2008 | 12/12/2008 |
| MAR09 | NKH09 | 03/14/2008 | |
03/12/2009 | 03/13/2009 |
| JUN09 | NKM09 | 06/13/2008 | |
06/11/2009 | 06/12/2009 |
| Contract Month | Product Code | First Trade Date | Last Trade Date> | Settlement Date | |
| SEP09 | NKU09 | 09/12/2008 | |
09/10/2009 | 09/11/2009 |
Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products
- Fee Waivers on the S&P MidCap 400 and S&P SmallCap 600 contracts
- Tools to Transfer Russell 2000 Open Interest to S&P SmallCap 600 or S&P MidCap 400 Contracts:
- Coming May 19: New EMD-ER2 Intercommodity Spread Tool
- Available now: SMC-ER2 Intercommodity Spread Tool
Reduced Fees on Spread-Traded E-mini Options
ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options
Block trades for E-mini Russell 2000
CME Group is offering an expanded block trade program for E-mini Russell 2000 products. This program is designed to help facilitate an orderly transition of open interest with the end of our contractual listing rights nearing (September 2008). Waivers have been added for certain block transactions.
- Equity Index Products Research Center
- Equity Index Choices resource center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A
The Nikkei 225 rose to prominence in the 1980s and is today the second largest world market (in terms of market capitalization). The Nikkei 225 Stock Average Index is one of the oldest Japanese market barometers, first calculated in 1949. It is structured to reflect the Japanese stock market using the 225 top-rated, blue-chip Japanese companies listed in the First Section of the Tokyo Stock Exchange (TSE), featuring such familiar company names as Sony, Honda, and more. The Nikkei 225 Index is price-weighted, so that higher-priced stocks have a greater percentage impact on the Index than lower-priced stocks.
| Industry Links Nikkei web site |
Learning Links Equity Index Choices resource center CME Group Equity Index Product Suite resource center Monthly Stock Index Update Quarterly Roll Update: Q1 2008 (PDF) |
- Equity Index Products Research Center
- Equity Index Choices resource center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A