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Nikkei 225 (YEN) Futures
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Nikkei 225 (Yen) Futures
Opening Date 2/23/2004
Ticker Symbol NIY
N1= Clearing
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Contract Size ¥500  (yen) x Nikkei 225 YEN futures price
Tick Size (minimum fluctuation) OUTRIGHT 5.00 index points=¥2500
Trading Hours (All times listed are Central Time)
CME GLOBEX MON-FRI: 15:30 - 15:15 Next Day, closing Friday at 15:15 (Daily maintenance shutdown 16:30 - 17:00)

SUN: 17:00 - 15:15 Next Day
Contract Months 12 quarterlies and 3 serials
Last Trade Date/Time
View Calendar		 CME Globex - 3:15 p.m. on the Thursday prior to the second Friday of the contract month
Final Daily Settlement Time All trades executed after 15:15 will have next day's trade date.
Settlement Procedure Cash Settlement.  All open positions at close of last day of trading are settled in cash to the Special Opening Quotation (SOQ) of the Nikkei 225 Stock Average referencing the opening values of the constituent stocks. See SOQ FAQ.
All trades executed after 15:15 will have next day's trade date.
Daily Price Limits Lead Month Settlement                   Daily Limit (Index Points)
0-20,000                                         1,000
20,005-30,000                                1,500
30,005 and up                                2,000

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Position Limits 5,000 contracts
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 eligibile contracts.
Block Minimum 50 contracts
Rulebook Chapter 352 B
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.