Listing of Options on Yen Denominated Nikkei Stock Average Futures Contract on Monday, April 14, 2014

Launch Date

April 14, 2014

Contract Size

                      One CME Yen Denominated Nikkei Stock Average futures contract

Option Ticker Symbols

Quarterly Options: NKW

Serial Options: NKY

Trading Venue

Globex only

Tick Size

Outrights: 1 index point ( = ¥ 500 )

Strike Price Interval

50 point strike price intervals:  ± 40% From ATM Strike Price

Hours of Trading

All times listed are Central Time (CT)

MON – FRI: 17:00 (Prior Day ) – 16:15

Listing Schedule

Two months in the March Quarterly Cycle  (e.g. March, June, September, December cycle); Two serial months (e.g. January, February, April, May, July, August, October, November)

Expiration Date & Time

Quarterly Options: 4:15 p.m. CT on the Thursday prior to the on the 2^nd Friday of the quarterly contract expiration month

Serial Options: 3:00 p.m. Osaka, Japan time on the 2^nd Friday of the contract month

Exercise Procedure

Quarterly Options: American Style

Serial Options: European Style

Daily Settlement Time

 15:15 CT

Settlement at Expiration

Quarterly Options: Option exercise results in a position in the underlying cash-settled futures contract (For example, the underlying futures contract for an option on the Nikkei Yen Denominated Stock Average futures that expires in March is the March futures contract). Options which are in-the-money on the last day of trading are automatically exercised. In-the-money Quarterly Options are exercised into expiring cash-settled futures, which settle to the Special Opening Quotation (“SOQ”).

Serial Options: Option exercise results in a position in the underlying cash-settled Futures contract (For example, the underlying futures contract for options on the Nikkei Yen Denominated Stock Average futures that expire in January or February is the March futures contract); Options which are in-the-money on the last day of trading are automatically exercised. A 3:00 p.m. Osaka, Japan time price fixing based on the volume weighted average price of OSE mini Nikkei futures traded in the last 30 seconds of trading (2:59:30 to 3:00:00 p.m. Osaka, Japan time) on serial option expiration day will be used to determine which options are in-the-money.  Contrarian instructions are not permitted on serial options.

Daily Price Limits

Options trading is not permitted during trading halts due to price limit events

Min Block Size

50 Contracts

Rulebook Chapter

352C