Published On: Wed, Oct 21st, 2009

TOCOM Starts to Prepare for Launching Nikkei-TOCOM Commodity Index Contract

The board of directors’ meeting was held on October 20, 2009, and determined to take a step towards the listing. Based on the decision, TOCOM will start to prepare for the launch of the Nikkei-TOCOM Commodity Index from now on. The below is the draft specification of the contract.

Nikkei-TOCOM Commodity Index – Contract Specification (draft)

Market – Commodity Index Market (pilot)
Trading Method – CFD (Contract for Difference)
Type of Trade – Nikkei-TOCOM Commodity Index
Swap Point – N/A
Trading Hours – Day session: 09:00 -15:30 (JTS) / Night session: 17:00 – 23:00 (JTS)
Settlement Price – Index price calculated based on settlement prices of the underlying commodity futures contracts at the end of day session (15:30).
Mark-to-Market – 15:30 (once a day), T+1
Contract Size & Minimum Price Fluctuation – 5,000 * the futures price
Minimum Price Fluctuation – 0.1 point
Position Limits – N/A
Margins – Spot Month Additional Clearing Margin: N/A
Other margins: Will be set according to the same principle as those applied to the other contracts.

About the Author

-

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

IRP Journal

IRP Journal

Sponsor

OPINION POLL

Poll results are published in our Weekly Newsletter -->
subscribe
All Rights Reserved WIld Wild Web Limited