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.


Officially, there are still two Japanese government bond (JGB) futures contracts, TSE 5-year JGB futures and TSE 10-year JGB futures, listed on the Tokyo Stock Exchange, but TSE 5-year JGB futures contract has not been traded since 2002[1] and today the term TSE JGB futures contract customarily refers to TSE 10-year JGB futures.


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TSE 5-year JGB futures
Exchange Tokyo Stock Exchange
Settlement Physically delivered
Trade Unit 100 million yen face value
Point Value 10,000 yen per contract
Tick Value 10,000 yen per contract
Contract Months March, June, September, December cycle (three contract months traded at any one time)
Last Trading Day 7th business day prior to each delivery date. The trading day in a new contract month begins on the next business day following the last trading day
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry No Electronic Market
Trading Hours N/A 9:00 - 11:00 am, 12:30 - 3:00 pm, 3:30 - 6:00 pm
Ticker Symbol N/A N/A
Price Limits N/A ± 3 points (3 million yen per contract)

Notes

Resources

Tokyo Stock Exchange JGB Futures Contract Specifications

Tokyo Stock Exchange Options on JGB Futures Contract Specifications

References

  1. Tokyo Stock Exchange Fact Book 2003. Tokyo Stock Exchange Group, Inc.. Retrieved on July 7, 2008.
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