SGX Nikkei 225 Index futures
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| SGX Nikkei 225 Index futures | ||
|---|---|---|
| Exchange | Singapore Exchange | |
| Settlement | Cash settled | |
| Contract Size | ¥500 x Nikkei 225 Index Futures Price | |
| Pricing Unit | 1 index point (¥500) | |
| Tick Value | 5 index points (¥2500) | |
| Contract Months | 6 nearest serial months & 20 nearest quarterly months | |
| Last Trading Day | The day before the second Friday of the contract month | |
| Note: This contract is electronic ONLY -- no open outcry | ||
| No Open Outcry | Electronic | |
| Trading Hours | N/A | Singapore Time
Pre -Opening 7.30am -7.43 am Non -Cancel Period 7. 43am -7.45 am Opening 7.45 am - 2.30 pm Pre-Closing 2.25 pm- 2.29 pm Non-Cancel Period 2. 29 pm - 2.30 pm
T+1 Session: Pre -Opening 3.00 pm - 3.13 pm Non -Cancel Period 3.13 pm - 3.15 pm Opening 3.15 pm - 2.00 am |
| Ticker Symbol | N/A | NK |
| Price Limits | N/A | Whenever the price moves by 7.5%, in either direction from the previous day's settlement price, trading within the price limit of 7.5% is allowed for the next 15 minutes. Thereafter, an expanded price limit of 12.5% (above or below the previous day's settlement price) shall apply for the rest of the day.
On the last trading day for the expiring contract, there shall be no price limits following the 15 minutes cooling-off period after the initial price limit (7.5%) has been reached. No price limit shall come into effect during the last 30 minutes before the close of trading on the last trading day for the expiring contract. However, if the cooling-off period should overlap into the last 30 minutes of the trading session, the portion of the cooling-off period which overlaps into the last 30 minutes of trading session shall continue to be in force. |
| SGX Nikkei 225 Index options | ||
| Trade Unit | One futures contract | |
| Point Value | 1 index point (500) | |
| Tick Value | 1 index point (500) | |
| Option Months | 6 nearest serial months & 20 nearest quarterly months | |
| Strike Prices | 250 index point intervals | |
| Exercise Style | European Style for contract months expiring from October 2008 onwards: An option may be exercised by the buyer only at expiry.
Exercise results in a long Nikkei 225 Index futures position, which corresponds with the option's contract month, for a call buyer or a put seller, and a short Nikkei 225 Index futures position for a put buyer and a call seller. An option that is in-the-money and has not been liquidated or exercised prior to the termination of trading shall be exercised automatically. | |
| No Open Outcry | Electronic | |
| Trading Hours | N/A | Singapore Time:
T Session: Order Cancellation 7.30am -7.45 am Opening 7.45 am - 2.30 pm T+1 Session: Order Cancellation 3.00 pm - 3.15 pm Opening 3.15 pm - 2.00 am
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| Ticker Symbol | N/A | Calls – CNK Puts – PNK |
| Price Limits | N/A | There shall be no trading in any options contract when the underlying futures contract, whether such futures contract is listed on open outcry or electronic market, is bid or offered:
1) at its initial daily price limit or 2) at its expanded daily price limit, except that the above provisions shall not apply on an option's last day of trading. |
Notes[edit]
Resources[edit]
Singapore Exchange Contract Specifications of SGX Nikkei 225 Index (SGX Nikkei 225) Futures/Options