TSE 5-year JGB futures

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TSE 5-year JGB futures trade on the Tokyo Stock Exchange (TSE). They started trading on February 16, 1996.[1]

The JGB are an indicator of the Japanese Yen interest rate market. Trading is available from 8:45 am to 5:30am (JST). Trading hours(Total 21 hours) covers major global markets.

Both the 10-year JGB Futures and 20-year JGB Futures are listed, along with a mini-sized cash settled contract.[2]



TSE 5-year JGB futures
Exchange Tokyo Stock Exchange
Settlement Physically delivered
Contract Size 100 million yen face value
Pricing Unit 10,000 yen per contract
Tick Value ¥0.01
Contract Months March, June, September, December cycle (three contract months traded at any one time)
Last Trading Day 5th business day prior to each delivery date (20th day of each contract month, move-down the date when it is not the business day). Trading for the new contract month begins on the business day following the last trading day.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 8:45-11:02, 12:30-15:02, 15:30-5:30

(Note) An order acceptance period ("pre-closing") is established for 2 minutes(5 minutes in the Night Session) before the Itayose on close.

Ticker Symbol N/A N/A
Price Limits N/A ± 3 points (3 million yen per contract)

Notes

Resources

References

  1. JGB Futures. JPX.
  2. [https://www.jpx.co.jp/english/derivatives/products/jgb/jgb-futures/tvdivq0000003n94-att/JGB_FUT_OP_E.pdf Japanese Government Bond Futures & Options]. JPX.