News File

Regarding the introduction of Packs and Bundles to Three-month Euroyen futures

(22 March, 2017)

TFX will add Packs and Bundles functions as trading strategies of Three-month Euroyen futures. While TFX currently offers a fee discount program for synthetic Packs and Bundles transactions executed via block trade facility (off-exchange), it will introduce another fee discount program Packs and Bundles executed on-exchange.

1.Contract Specification

(1) Outline

 

Packs

Bundles

Strategy purchase

Execute one contract for simultaneously buying a series of four consecutive quarterly months in the same volume. The nearest contract month of each transaction shall be either the 5th, 9th, 13th or 17th contract month.

Execute one contract for simultaneously buying four, eight, twelve, or sixteen consecutive contract months.

Strategy sale

Execute one contract for simultaneously selling a series of four consecutive quarterly months in the same volume. The nearest contract month of each execution shall be either the 5th, 9th, 13th or 17th contract month.

Execute one contract for simultaneously selling four, eight, twelve, sixteen consecutive contract months.

How to calculate strategy price

A quoted price shall be an average change in the value of each contract month since the prior day’s settlement price.

A quoted price shall be average change in the value of each contract month since the prior day’s settlement price.

Note:    A “quarterly month” means a contract month for which its final settlement date falls in any of March, June, September and December.

(2) Contract Series(Preliminary)

2.Launch Schedule(Preliminary)

End of November 2017

* For the current fee discount program, please see TFX news release on March 13, 2017 “Extension of Discount Program in Three-month Euroyen Futures”
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For more information, contact
Fixed Income Products Development and
Marketing Department
TEL +81-3-4578-2438
FAX +81-3-3212-5780
E-mail marketing@tfx.co.jp



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