TSE 5-year JGB futures
TSE 5-year JGB futures trade on the Tokyo Stock Exchange (TSE). They started trading on February 16, 1996.
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.
|TSE 5-year JGB futures|
|Exchange||Tokyo Stock Exchange|
|Contract Size||100 million yen face value|
|Pricing Unit||10,000 yen per contract|
|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.
|Price Limits||N/A||± 3 points (3 million yen per contract)|
- JGB Futures. JPX.
- [https://www.jpx.co.jp/english/derivatives/products/jgb/jgb-futures/tvdivq0000003n94-att/JGB_FUT_OP_E.pdf Japanese Government Bond Futures & Options]. JPX.