Crude Oil
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 | |
SEDOL | |
Notes |