Tokyo Financial Exchange Three-Month Euroyen Futures

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TFX Three-month Euroyen futures and futures options trade on the Tokyo Financial Exchange (TFX). They have been trading since June, 1989 and July, 1991, respectively[1].


Each TFX Three-month Euroyen futures is subject to a trading fee of 100 yen per contract, whereas each TFX Three-month Euroyen futures options contract is subject to a trading fee of 50 yen.


In 2007, TFX Three-month Euroyen futures traded 38,952,553 contracts (+23.7 percent YOY) and TFX Three-month Euroyen futures options traded 3,660,673 (-7.9 percent YOY)[2].


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TFX Three-month Euroyen futures
Exchange Tokyo Financial Exchange
Settlement Cash settled
Trade Unit ¥100,000,000 (Notional principal amount)
Point Value ¥250
Tick Value ¥1,250
Contract Months 20 quarterly months and 2 serial months
  • Serial months are the months other than March, June, September and December. For example; as of April 1, the serial months to be listed are April and May, as of May 1, May and July, as of June 1, July and August.
Last Trading Day Two business days prior to the third Wednesday of the contract month
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A
  • 8:30 - 8:45 = Pre-open period (Order entry without execution)
  • 8:45 - 11:30 = Day(morning) session (Cleared as today's trade)
  • 11:30 - 12:30 = Restricted period (Cancel and volume cutback only)
  • 12:30 - 15:30 = Day(afternoon) session (Cleared as today's trade)
  • 15:30 - 20:00 = Evening session (Cleared as the next day's trade)


Trading hours for the contract on its last trading day (JST)

8:30 - 8:45 Pre-open period

8:45 - 11:00 Day session

Ticker Symbol N/A N/A
Price Limits N/A N/A
 
TFX Three-month Euroyen options
Trade Unit One futures contract
Point Value ¥250 (0.001)
Tick Value ¥1,250 (0.005)
Option Months 5 contract quarterly months　(March, June, September, December)
Strike Prices 0.125 interval
Exercise Style American
Option Expiration Day The buyer of option may exercise the option at any time from first trading day to last trading day, which is two business days prior to the third Wednesday of the contract month (Member firms must notify the exchange before 1:45 p.m. of the expiration day and customers must notify member firms before 1:30 p.m. of the expiration day). All in-the-money options at the end of expiration date will be automatically exercised, unless otherwise instructed.
  No Open Outcry Electronic
Trading Hours N/A 8:30 - 8:45 Pre-open period (Order entry without execution)

8:45 - 11:30 Day(morning) session (Cleared as today's trade)

11:30 - 12:30 Restricted period (Cancel and volume cutback only)

12:30 - 15:30 Day(afternoon) session (Cleared as today's trade)

15:30 - 20:00 Evening session (Cleared as the next day's trade)


Trading hours for the contract on its last trading day (JST)

8:30 - 8:45 Pre-open period

8:45 - 11:00 Day session

Ticker Symbol N/A N/A
Price Limits N/A N/A

Notes

Resources

Tokyo Financial Exchange Three-month Euroyen futures Contract Specifications

Tokyo Financial Exchange Options on Three-month Euroyen futures Contract Specifications

References

  1. ↑ History. Tokyo Financial Exchange Inc.. Retrieved on July 9, 2008.
  2. ↑ 2007 ANNUAL STATISTICS. Tokyo Financial Exchange Inc.. Retrieved on July 9, 2008.
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