Contract Unit 1 Nikkei Stock Average Futures contract
Minimum Price Fluctuation 5.00 index points = $25.00
Price Quotation U.S. dollars and cents per index point
Trading Hours CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Open Outcry: Monday - Friday 9:30 a.m. - 4:15 p.m. ET
Product Code CME ClearPort: NK
Open Outcry: Put: JN Call: KN
Clearing: NK
Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec)  listed for 4 consecutive quarters and serial contracts listed for 2 months
Settlement Procedures Settlement Procedures
Termination Of Trading Quarterly contracts terminate at 4:15 p.m. ET on the business day prior to the 2nd Friday of the contract month.

Serial contracts termnate at 4:15 p.m. ET on the 3rd Friday of the contract month.
Position Limits CME Position Limits
Exchange Rulebook CME 352A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits 
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures 6 strikes listed above or below the previous day’s settlement price of the underlying futures in 500 index points intervals
Exercise Style American
Exercise Procedure Options are exercisable until 6:30 p.m. ET on any business day the option is traded
Settlement At Expiration Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options, in the absence of contrarian instructions delivered to the Clearing House by 6:30 p.m. ET on the day of expiration, are automatically exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 2nd Friday of the contract month.
Settlement Method Deliverable
Underlying Nikkei Stock Average Futures

About Nikkei 225 Dollar Futures

Nikkei 225 USD-denominated futures provide investors with an efficient way to access the opportunities of the Japanese equity market and trade using U.S. dollars. Japan’s premier stock index, the Nikkei 225, includes the top 225 blue-chip companies listed on the Tokyo Stock Exchange.  


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