OSE Nikkei 225 Mini

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OSE Nikkei 225 Mini futures trade on the Osaka Securities Exchange (OSE). They were launched on July 18, 2006 [1]. The Nikkei 225 is the stock index that Nikkei Inc. composed with shares of 225 companies listed on Japanese stock exchanges[2].

In 2007, OSE Nikkei 225 Mini futures traded 49.107 million contracts [3].


OSE Nikkei 225 mini futures
Exchange Osaka Securities Exchange
Settlement Cash settled
Contract Size Nikkei 225 × ¥100
Pricing Unit 100 yen
Tick Value 500 Yen
Contract Months 2 months in the March quarterly cycle: Mar, Jun, Sep, Dec (Maximum trading period: 6 months)
Last Trading Day The business day preceding the second Friday of each contract month (When the second Friday is a non-business day, it shall be the preceding business day.) Trading in a 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 9:00 - 11:00, 12:30 - 15:10, 16:30 - 19:00 JST; (9:00 - 11:10 on a half-trading day)
Ticker Symbol N/A N/A
Price Limits N/A
  • Contracts of less than ¥12,500 = ¥2,000 up/down limit
  • Contracts from ¥12,500 - less than ¥17,500 = ¥3,000 up/down limit
  • Contracts from ¥17,500 - less than ¥22,500 = ¥4,000 up/down limit
  • Contracts from ¥22,500 - less than ¥27,500 = ¥5,000 up/down limit
  • Contracts from ¥27,500 - less than ¥32,500 = ¥6,000 up/down limit
  • Contracts from ¥32,500 - less than ¥37,500 = ¥7,000 up/down limit
  • Contracts from ¥37,500 - less than ¥42,500 = ¥8,000 up/down limit
  • Contracts from ¥42,500 or more = ¥9,000 up/down limit

Notes

References

  1. Nikkei 225 mini. Osaka Securities Exchange.
  2. Nikkei 225. Nikkei Inc..
  3. Trading Volume (During 2007). Osaka Securities Exchange.