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Nikkei 225 (DOLLAR)
Dollar-denominated Nikkei 225 options provide a way to efficiently gain exposure to the key benchmark for Japanese equities with limited downside risk and maximum upside potential. They also enable you to:
- Efficiently engage in global asset allocation strategies
- Use a financial tool that accommodates a range of strategies, different market environments and varied objectives
Things to know:
- American-style expiration
- Contracts trade on the CME Group trading floor
- CME Clearing matches and settles all trades and guarantees counterparty creditworthiness
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 | One Nikkei Stock Average Futures contract. | ||||
| Settle Method | Delivery | ||||
| Point (Tick) Size | 1 index point = $5.00 | ||||
| Strike Price Interval | |||||
| Strike | All listed intervals | ||||
| Limits/Price Banding | No limit | ||||
| Minimum Fluctuation |
|
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| Trading Hours | 8:00 a.m. to 3:15 p.m. LTD: 3:15 pm | ||||
| Listed | |||||
| Product Codes | Clearing Calls/Puts=NK Ticker Calls=KN Ticker Puts=JN American Flex: Calls=XNC Puts=XNP European Flex: Calls=YNC Puts=YNP | ||||
| Minimum Block Size | |||||
| Product Calendar | Four months in the March quarterly cycle and two months not in the March cycle (serial months). 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 |
| OCT08 | NKV08 | 07/21/2008 | |
10/17/2008 | 10/17/2008 |
| NOV08 | NKX08 | 08/18/2008 | |
11/21/2008 | 11/21/2008 |
| 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 |
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 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.
- 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