Nikkei (JPY) Futures - Contract Specs
| Contract Unit | 500 yen x Nikkei Stock Average |
|---|---|
| Price Quotation | Japanese yen per index point |
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. ET (4:00 p.m. CT) BTIC: Sunday - Friday 6:00 p.m. ET - 3:30 p.m. Tokyo time (1:30 a.m./2:30 a.m. ET) and Monday - Friday Noon to 5:00 p.m. ET |
| Minimum Price Fluctuation | 5.00 index points = ¥2500 BTIC: 0.10 index points = ¥50 |
| Product Code | CME Globex: NIY CME ClearPort: N1 Clearing: N1 BTIC: NIT |
| Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 12 quarters, serial contract listed for 3 months, and 3 additional Dec contract months BTIC: Quarterly contracts (Mar, Jun, Sep, Dec) listed for 12 quarters, serial contracts listed for 3 months, and 3 additional Dec contract months |
| Settlement Method | Financially Settled |
| Termination of Trading | Trading terminates 5:00 p.m. ET on the Thursday prior to the second Friday of the contract month. BTIC: Trading terminates at 3:30 p.m. Tokyo time (1:30 a.m./2:30 a.m. ET) on the Thursday prior to the second Friday of the contract month. |
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| Vendor Codes |
About Nikkei 225 Yen Futures
Nikkei 225 Yen-denominated futures allow market participants to gain exposure to Japan’s premier stock index while also gaining exposure to the Japanese yen. An efficient way to monitor Japan’s economy and stock market, Nikkei 225 includes the top 225 blue-chip companies listed on the Tokyo Stock Exchange.
