Nikkei 225 Futures and Options on Futures

For Japanese Benchmark Access with Capital Savings, Try a New Angle.

Nikkei 225 futures and options on futures provide investors around the globe with an efficient way to access the opportunities of the Japanese equity market, one of the world’s largest markets, and track the Nikkei 225 Stock Average.

New Developments on Nikkei 225 Futures:

CME Group has recently introduced two enhancements to Nikkei 225 futures to help you manage benchmark Japanese equity exposure with greater efficiency:

  • Launch of Basis Trade on Index Close (BTIC) on Nikkei 225 futures
  • Extension of the curve up to 5 years for Yen- and USD- denominated Nikkei 225 futures

For more information:

Why trade BTIC on Nikkei?

  • Manage index trade exposure before the spot market closes
  • Efficient alternative to an OTC swap - reduce costs associated with fulfilling Uncleared Margin Rule (UMR) obligations
  • Trade via CME Globex (futures) or through privately negotiated transactions (blocks on futures)

Key Benefits

  • Benchmark exposure to Japan with a single trade
  • Flexibility in contract offering, with standard yen- and USD-denominated contracts and E-mini sized yen-denominated futures
  • Liquidity and significant spreading opportunities between yen and USD contracts
  • Electronic trading and around-the-clock access on CME Globex
  • Mutual Offset System (MOS) eligibility for greater access and trading across time zones
  • Counterparty credit risk mitigation through CME Clearing

Nikkei 225 Spread Opportunities

Yen- and USD-denominated Nikkei 225 futures offer the most liquid listed index quanto spread market available today. Learn how to capture opportunity by choosing the right trading vehicle.

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Nikkei 225 Intercommodity Spreads

Nikkei 225 Implied Intercommodity spread functionality will allow market participants to spread USD- and yen-denominated Nikkei 225 Index futures as a single instrument.

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Mutual Offset System

Through a special arrangement between CME Group and the Singapore Exchange (SGX), traders of yen- and U.S. dollar-based Nikkei 225 contracts have the ability to take positions at either exchange, and later clear those trades at either CME Clearing or SGX the same trading day. As a result, traders can execute trades in both markets with the ability to clear those trades in their preferred time zone.

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Contract Specifications

About the Nikkei 225 Stock Average

The Nikkei 225 Stock Average is one of the oldest barometers of the Japanese market, first calculated in 1949. It is structured to reflect the Japanese stock market using the 225 top-rated, blue-chip Japanese companies listed in the Prime Market of the Tokyo Stock Exchange (TSE), featuring such familiar company names as Sony and Honda. The Nikkei 225 Stock Average is price-weighted, so that higher-priced stocks have a greater percentage impact on the Index than lower-priced stocks.

CME Group has a licensing agreement to offer both yen- and USD-denominated futures and options on futures on the Nikkei 225 Stock Average.

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