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Nikkei/Yen Futures Contract Specs

Opening Date 2/23/2004
Ticker Symbol NIY
N1= Clearing
View product and vendor codes
Contract Size ¥500 (yen) x Nikkei Stock Average
Tick Size (minimum fluctuation) OUTRIGHT 5.00 index points=¥2500
Trading Hours (All times listed are Central Time)

CME GLOBEX MON – FRI: 5:00 p.m. previous day – 4:15 p.m.
Contract Months 12 quarterlies and 3 serials
Last Trade Date/Time
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CME Globex - 4:15 p.m. on the Thursday prior to the second Friday of the contract month
Settlement Procedure Daily Nikkei (Yen) Settlement Procedure (PDF)
Final Nikkei (Yen) 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 (PDF)
Block Trade Eligibility Yes. View more on block-trade eligible contracts.
Block Minimum 50 contracts
Rulebook Chapter 352B
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.