Tokyo Financial Exchange Over-Night Call Rate Futures


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TFX Over-Night Call Rate futures trade on the Tokyo Financial Exchange (TFX). They were launched on December 3, 2007^[1].

In the first six months of 2008, TFX Over-Night Call Rate futures traded only 2,299 contracts^[2].

Over-night call rate futures
Exchange	Tokyo Financial Exchange
Settlement	Cash settled
Contract Size	￥300,000,000 (Notional principal amount)
Pricing Unit	Need pricing unit!
Tick Value	0.005
Contract Months	First 12 calendar months
Last Trading Day	The last business day 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)
Ticker Symbol	N/A	N/A
Price Limits	N/A	N/A

Notes[edit]