Listed Products

Nikkei 225 Margin contracts DAX® Margin contracts FTSE 100 Margin contracts FTSE China 25 Margin contracts FTSE TWSE Taiwan 50 Margin contracts(to be listed)

Listed Products	Trading Units	Tick Sizes (Tick Values)
Nikkei 225 Margin contracts	Index × 100	1yen（100yen）
DAX® Margin contracts FTSE 100 Margin contracts FTSE China 25 Margin contracts FTSE TWSE Taiwan 50 Margin contracts(to be listed)	Index × 100yen	1point（100yen）
Price Quotation	Yen equivalent to 1 Index
Settlement	Cash Settlement(\)
Interest Payments	Buyer pays/Seller receives Applied rate is BOJ’s target rate
Dividend Payments	Buyer receives/Seller pays(except DAX® margin contracts)

【Nikkei 225 Margin contracts】

	Opening ※1	Closing
Standard Time /NY, U.S.A	AM8:30	Next day AM6:00
Summer Time/ NY, U.S.A. ※2		Next day AM5:00

 

【DAX® Margin contracts】

	Opening ※1	Closing
Standard Time /NY, U.S.A And Standard Time /Europe	PM4:00	Next day AM6:00
Summer Time/ NY, U.S.A. ※2 And Standard Time /Europe		Next day AM5:00
Summer Time/ NY, U.S.A. ※2 And Summer Time /Europe※3	PM3:00

 

【FTSE 100 Margin contracts】

	Opening ※1	Closing
Standard Time /NY, U.S.A And Standard Time /Europe	PM5:00	Next day AM6:00
Summer Time/ NY, U.S.A. ※2 And Standard Time /Europe		Next day AM5:00
Summer Time/ NY, U.S.A. ※2 And Summer Time /Europe※3	PM4:00

 

【FTSE China 25 Margin contracts】

Opening ※1	Closing
AM10:30	PM5:00

 

【FTSE TWSE Taiwan 50 Margin contracts】(to be listed)

Opening ※1	Closing
AM10:00	PM2:30

※1         There will be a 10 minute Pre-Open period prior to the commencement of each session, except a 30 minute Pre-Open period for Nikkei 225 Margin contracts on the first trading day of every week. (During Pre-Open, order submission is permitted yet no trades take place.)
※2　     Summer Time/ NY, U.S.A. refers to the period of time from the second Sunday in March to the First Sunday in November
※3　     Summer Time /Europe refers to the period of time from the last Sunday in March to the last Sunday in October.

Trading hours are subject to change according to market holidays. Any change in trading hours will be announced in advance on TFX Website.

＜Non-trading day＞

Nikkei 225 Margin contracts	Saturday, Sunday, New Year's Day and January 2nd when New Year's Day falls on Sunday.
DAX® Margin contracts FTSE 100 Margin contracts FTSE China 25 Margin contracts FTSE TWSE Taiwan 50 Margin contracts(to be listed)	Saturday, Sunday, and holidays of the exchanges where stocks comprising the indexes of each contract are listed.

Nikkei Stock Average(Nikkei225):
The Nikkei Stock Average is a copyrighted index calculated by a method independently developed by Nikkei Inc. Nikkei Inc holds the copyright, the intellectual property rights, and all other rights associated with the Nikkei Stock Average itself and the method of calculating Nikkei Stock Average. Business of Equity Index Margin contracts, the underlying assets of which are the Nikkei Stock Average (“Nikkei 225 Margin contracts”), and the enforcement of trading regulations for such contracts shall be managed under the responsibilities of Tokyo Financial Exchange Inc. (“TFX”) and its Trading Members, and Nikkei Inc shall not assume any obligations or responsibilities thereof. In operating Nikkei 225 Margin contracts, TFX is responsible for calculating and publishing the ex-dividend prices of stocks used in the Nikkei Stock Average, which are required for Nikkei 225 Margin contracts. Nikkei Inc has the right to change component stocks in the Nikkei Stock Average, the method of calculation, and other details of the Nikkei Stock Average, and to discontinue the publication of the Nikkei Stock Average. Nikkei Inc shall not be obligated to continuously publish the Nikkei Stock Average, and shall not be liable for any errors, delay or discontinuation of publication.

 

DAX:
DAX® is a registered trademark of Deutsche Börse AG. This financial instrument is neither sponsored nor promoted, distributed or in any other manner supported by Deutsche Börse AG (the "Licensor"). The Licensor does not give any explicit or implicit warranty or representation, neither regarding the results deriving from the use of the Index and/or the Index Trademark nor regarding the Index value at a certain point in time or on a certain date nor in any other respect. The Index is calculated and published by the Licensor. Nevertheless, as far as admissible under statutory law the Licensor will not be liable vis-à-vis third parties for errors in the Index. Moreover, there is no obligation for the Licensor vis-à-vis third parties, including investors, to point out potential in the Index Neither the publication of the Index by the Licensor nor the granting of a license regarding the Index as well as the Index Trademark for the utilization in connection with the financial instrument or other securities or financial products, which derived from the Index, represents a recommendation by the Licensor for a capital investment or contains in any manner a warranty or opinion by the Licensor with respect to the attractiveness on an investment in this product.In its capacity as sole owner of all rights to the Index and the Index Trademark the Licensor has solely licensed to the issuer of the financial instrument the utilization of the Index and the Index Trademark as well as any reference to the Index and the Index Trademark in connection with the financial instrument."

 

The FTSE100 Index:
“FTSE®” is a trade mark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited (“FTSE”) under licence. The FTSE100 Index is calculated by FTSE. FTSE does not sponsor, endorse or promote this product and is not in any way connected to it and does not accept any liability in relation to its issue, operation and trading. All copyright and database rights in the index values and constituent list vest in FTSE. Tokyo Financial Exchange Inc. has obtained full licence from FTSE to use such copyrights and database rights in the creation of this product

 

The FTSE China 25 Index(FTSE 中国25指数):
FTSE 中国25指数 is calculated byFTSE. FTSE does not sponsor, endorse or promote this product and is not in any way connected to it and does not accept any liability in relation to its issue, operation and trading. All copyright and database rights in the index values and constituent list vests in FTSE.“FTSE®” is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited. Tokyo Financial Exchange Inc. has obtained full licence from FTSE to use such intellectual property rights in the creation of this product.“富時 指數” is a trade mark of FTSE International Limited.  All marks are licensed for use by FTSE.

 

The FTSE TWSE Taiwan 50 Index
“FTSE®” is a trade mark of the London Stock Exchange plc and the Financial Times Limited, “TWSE” is a trade mark of the Taiwan Stock Exchange Corporation (“TWSE”) and both are used by FTSE International Limited (“FTSE”) under licence. The FTSE TWSE Taiwan 50 Index  is calculated by FTSE. Neither FTSE nor TWSE sponsor, endorse or promote this product and are not in any way connected to it and do not accept any liability in relation to its issue, operation and trading. All intellectual property rights in the index values and constituent list vest in FTSE and　Tokyo Financial Exchange Inc. has obtained full licence from FTSE and TWSE to use such intellectual property rights in the creation of this product.All copyright in the index values and constituent list vest in FTSE and TWSE.