TSE 5-year JGB futures
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TSE 5-year JGB futures trade on the Tokyo Stock Exchange (TSE). They started trading on February 16, 1996.[1]
The JGB are an indicator of the Japanese Yen interest rate market. Trading is available from 8:45 am to 5:30am (JST). Trading hours(Total 21 hours) covers major global markets.
Both the 10-year JGB Futures and 20-year JGB Futures are listed, along with a mini-sized cash settled contract.[2]
| TSE 5-year JGB futures | ||
|---|---|---|
| Exchange | Tokyo Stock Exchange | |
| Settlement | Physically delivered | |
| Contract Size | 100 million yen face value | |
| Pricing Unit | 10,000 yen per contract | |
| Tick Value | ¥0.01 | |
| Contract Months | March, June, September, December cycle (three contract months traded at any one time) | |
| Last Trading Day | 5th business day prior to each delivery date (20th day of each contract month, move-down the date when it is not the business day). Trading for the new contract month begins on the business day following the last trading day. | |
| Note: This contract is electronic ONLY -- no open outcry | ||
| No Open Outcry | Electronic | |
| Trading Hours | N/A | 8:45-11:02, 12:30-15:02, 15:30-5:30
(Note) An order acceptance period ("pre-closing") is established for 2 minutes（5 minutes in the Night Session) before the Itayose on close. |
| Ticker Symbol | N/A | N/A |
| Price Limits | N/A | ± 3 points (3 million yen per contract) |
Notes[edit]
Resources[edit]
References[edit]
- ↑ JGB Futures. JPX.
- ↑ [https://www.jpx.co.jp/english/derivatives/products/jgb/jgb-futures/tvdivq0000003n94-att/JGB_FUT_OP_E.pdf Japanese Government Bond Futures & Options]. JPX.