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Nikkei/USD Futures Contract Specs

Opening Date 9/25/1990
Ticker Symbol Open Outcry NK
NK=Clearing
CME Globex (Electronic Platform) NKD
NK= Clearing
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Contract Size $5.00 x Nikkei Stock Average
Tick Size (minimum fluctuation) OUTRIGHT 5.00 index points=$25.00
Trading Hours (All times listed are Central Time) OPEN OUTCRY (CST and CDT) MON-FRI: 8:00 - 3:15 p.m.
CME GLOBEX MON – FRI: 5:00 p.m. previous day – 4:15 p.m.
Contract Months Open Outcry
Four months in the March Quarterly Cycle
(Mar, Jun, Sep, Dec)
CME Globex Four months in the March Quarterly cycle
(Mar, Jun, Sep, Dec)
Last Trade Date/Time
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Open Outcry 3:15 p.m. on Business Day prior to 2nd Friday of the contract month
CME Globex 4:15 p.m. on Business Day prior to 2nd Friday of the contract month
Settlement Procedure Daily Nikkei (Dollar) Settlement Procedure (PDF)
Final Nikkei (Dollar) Settlement Procedure (PDF)
Daily Price Limits View price limits details
Position Limits See: CME Rulebook Chapter 5 - POSITION LIMIT, POSITION ACCOUNTABILITY AND REPORTABLE LEVEL TABLE (PDF)
Mutual Offset System (MOS) Eligibility? Yes. Learn more about the Mutual Offset System (MOS):
MOS overview
MOS user guide
Block Trade Eligibility Yes. View more on block-trade eligible contracts.
Block Minimum 50 contracts
Rulebook Chapter 352
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.