Tokyo Grain Exchange Soybeans
TGE Soybeans futures and futures options trade on the Tokyo Grain Exchange (TGE). They were launched on March 1, 1984 and June 3, 1991, respectively [1][2].
Each TGE Soybean futures contract represents 50,000 kilograms (50 metric tons) of standard or deliverable grade GMO, GMO mixed and GMO non-segregated yellow soybeans, which is defined in accordance with the Exchange rules, and its delivery date is set as between three business days following the last trading day and the last day of the delivery month (For December contract, the last delivery day is three business days prior to the last business day of December).
As of July 2008, each TGE Soybean futures contract is subject to a margin rate of 160,000 yen for the spot month and 120,000 yen for the other months.
In June 2008, TGE Soybean futures traded 76,845 contracts (-36.7 percent YOY) and its turnover amounted to 579.4 billion yen (-1.9 percent YOY).
TGE Soybeans futures | ||
---|---|---|
Exchange | Tokyo Grain Exchange | |
Settlement | Physically delivered | |
Contract Size | 50,000 kilograms (50 metric tons) | |
Pricing Unit | ¥50 per contract | |
Tick Value | ¥500 per contract | |
Contract Months | February, April, June, August, October, and December within a twelve-month period | |
Last Trading Day | Fifteenth calendar day of the delivery month; if that day is not a business day, then the last trading day is moved up to the nearest business day. | |
Note: This contract is electronic ONLY -- no open outcry | ||
No Open Outcry | Electronic | |
Trading Hours | N/A | 10:00 a.m., 11:00 a.m., 1:00 p.m. and 2:00 p.m.
|
Ticker Symbol | N/A | N/A |
Price Limits | N/A |
|
TGE Soybeans options | ||
Trade Unit | One futures contract | |
Point Value | Need point value! | |
Tick Value | 10 yen per 1,000 kilograms (500 yen per contract) | |
Option Months | February, April, June, August, October and December within a twelve-month period. | |
Strike Prices | 1,000 yen per 1,000 kilograms intervals with one strike price at-the-money and minimum of three strike prices above and three below. | |
No Open Outcry | Electronic | |
Trading Hours | N/A | Morning Session
Afternoon Session
|
Ticker Symbol | N/A | N/A |
Price Limits | N/A |
|
Notes[edit]
Resources[edit]
Tokyo Grain Exchange Soybean Futures Contract Specifications
Tokyo Grain Exchange Options on Soybean Futures Contract Specifications
References[edit]
- ↑ Soybean Futures Contract Specifications. Tokyo Grain Exchange.
- ↑ Options on Soybean Futures Contract Specifications. Tokyo Grain Exchange.