Published On: Wed, Mar 26th, 2014

OSE Launch of JPX-Nikkei Index 400 Futures

Atsushi Saito, JPX Group CEO

Atsushi Saito, JPX Group CEO

Considering the needs of investors for hedging, Osaka Exchange, Inc. (OSE) will introduce futures based on JPX-Nikkei Index 400, which is a new index jointly developed by Japan Exchange Group, Inc. and Nikkei, Inc.

Outline of Trading
(1) Trading Hours (JST)
From 9:00 a.m. to 3:15 p.m. and from 4:30 p.m.to 3:00 a.m. on the next day
(2) Contract Months
5 nearest quarterly contract months
(3) Contract Size
JPY 100 multiplied by the index point of JPX-Nikkei Index 400
(4) Tick Size (Minimum Price Intervals)
5 point (1 point for J-NET Trading and Strategy Trading)

Future Plans

(1) Period for Accepting Public Comments
From Wednesday, March 26 to Thursday, April 24, 2014
(2) Launch Date
OSE will consider the state of preparations among trading participants and aim to launch the contracts by the end of November 2014.

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