|Contract Unit||Nikkei 225 (yen) futures contract|
|Minimum Price Fluctuation||1 index point = ¥ 500|
|Trading Hours||CME Globex:||Sunday - Friday 6:00 p.m. - 5:00 p.m. ET||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|
|Product Code||CME Globex: NKYCME ClearPort: NKYOpen Outcry: NKYClearing: NKY|
|Listed Contracts||Two serial months listed in the Jan, Feb, Apr, Jul, Aug, Oct, Nov cycle|
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 Yen Denominated Nikkei Stock Average futures that expire in January or February is the March futures contract).
3:15 p.m. CT
|Termination Of Trading||Trading terminates at 3:00 p.m. Osaka time on the 2nd Friday of the contract month|
|Position Limits||CME Position Limits|
|Exchange Rulebook||CME 352C|
|Block Minimum||Block Minimum Thresholds|
|Price Limit Or Circuit||Price Limits|
|Vendor Codes||Quote Vendor Symbols Listing|
|Strike Price Listing Procedures||At all multiples of 50 index points within ±40% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures|
|Settlement At Expiration||Option exercise results in a position in the underlying cash-settled futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A price fixing based on the weighted average traded price of the Nikkei 225 mini futures trades executed in the last 30 seconds of trading on expiration day (2:59:30 p.m.-3:00:00 p.m. Osaka, Japan Time) at the Osaka Securities Exchange will be used to determine which options are in-the-money. Contrarian instructions are prohibited.|
Nikkei 225 Yen-denominated futures allow market participants to gain exposure to Japan’s premier stock index while also gaining exposure to the Japanese yen. An efficient way to monitor Japan’s economy and stock market, Nikkei 225 includes the top 225 blue-chip companies listed on the Tokyo Stock Exchange.