News File

Further Strengthening of Revitalization of Back-month delivery contracts in Three-month Euroyen Futures

(5 February 2014)

(1)  Appointment of a new Market Maker in back-month contracts.

  • TFX has newly appointed Mizuho Bank, Ltd. as the market maker as of Monday 3 February 2014. In addition to Morgan Stanley MUFG Securities Co., Ltd, an incumbent market maker since 30 September 2013, the bank will jointly support the back-month delivery contracts between Quarters 7 and Quarters 12 by continuously quoting prices.

(2)  Renewal of Three-month Euroyen Futures Discount Program .

  • Supplementing the function of Pack and Bundle Strategies that is to be dropped from the new TFX Interest-rate Trading System 2014, TFX will continue the Discount Program in Pack and Bundle Strategies by admitting the trades through Block trade function.
  • Furthermore, TFX will expand the Program to include strips, a series of trades that consist of four or more continuous delivery month contracts(*) of the same volumes, to enhance investors’ convinience.

() A strip does not have to be in multiples of four.

  • TFX extends the expiry date of Three-month Euroyen Futures Discount Program for another six months from 1 April 2014 to 30 September 2014.
  • The Program discounts trading fees as deep as up to 90%. For details, please see the appendix that follows this release.

The original of this publication has been prepared in the Japanese language only and the Japanese language texts shall govern for all purposes and in all respects. Accordingly, all questions that may arise shall be decided in accordance with the Japanese language texts. Whilst reasonable care has been taken to ensure that this translation is accurate and free from errors, no liability is accepted by TFX in any circumstances.


Three-month Euroyen Futures Discount Program

TFX Members registered on this program shall be eligible for a discount on their trading fees in Euroyen Back Months and Strips executed through Block Trade functions based on the fee schedule set out in the table below:

The program will run until close of business on 30 September 2014.

For further information in relation to this, Members should contact:
Fixed Income Products Development and Marketing Department
TEL +81-3-4578-2400   FAX +81-3-3212-5780