Crude Oil

Posted By Steve On Sunday, December 27th, 2009 With 0 Comments
Exchange Tokyo Commodity Exchange
Type Energy
Underlying Middle East crude oil
Currency Japanese Yen (JPY)
Contract Size 50 kiloliters (approximately 314.5 barrels)
Tick Size 10.0
Tick Value 500 JPY
Pre-Open 1
Trading Session 1 09:00 to 15:30
Pre-Open 2
Trading Session 2
Pre-Open T+1
Trading Session T+1 17:00 – 23:00
Last Trading Day Trading session on the last business day of the current contract month.
Delivery Day Not Applicable
Final Settlement Price Yen-based monthly average value of Dubai and Oman calculated by the Exchange based on the prices reported by a price information vendor (as a general rule, platts)
Settlement Type Cash
Deliverable Grade Not Applicable
Delivery Point Not Applicable
Delivery Method Not Applicable
Contract Months Six consecutive months.
First Trading Day Trading session on the last business day following the Last Trading Day of the current contract month.
Position Limit Customers excluding commercials and investment funds:
Each month: 2,400 contracts
Commercials and investment funds:
Each month: 12,800 contracts
Block Size
Initial Margin (outright) Varies
Maintenance Margin (outright) Varies
Clearinghouse Margin (outright)  
Listed Spread No
Initial Margin (spread)  
Maintenance Margin (spread)  
Clearinghouse Margin (spread)  
Daily Price Limit Varies. It’s based on the settlement price of the previous clearing period
Options No
Exchange Symbol 33
Reuters Symbol TCE/JCO
Bloomberg Symbol CPA
ISIN Symbol  

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