TSE 5-year JGB futures
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 and today the term TSE JGB futures contract customarily refers to TSE 10-year JGB futures.
|TSE 5-year JGB futures|
|Exchange||Tokyo Stock Exchange|
|Contract Size||100 million yen face value|
|Pricing Unit||10,000 yen per contract|
|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.
|Price Limits||N/A||± 3 points (3 million yen per contract)|
- Tokyo Stock Exchange Fact Book 2003. Tokyo Stock Exchange Group, Inc..