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 |
|
| Buying Strategy | A transaction in which a series of four consecutive quarterly contract months of the same volume are purchased. The nearest quarterly contract month of each transaction shall be either the 5th, 9th, 13th or 17th contract month. | A transaction in which four, eight, twelve, sixteen, or twenty consecutive quarterly contract months of the same volume are purchased. |
| Selling Strategy | A transaction in which a series of four consecutive quarterly contract months of the same volume are sold. The nearest quarterly contract month of each execution shall be either the 5th, 9th, 13th or 17th contract month. | A transaction in which four, eight, twelve, sixteen, or twenty consecutive quarterly contract months of the same volume are sold. |
| Quotation | A quoted price shall be an average of differentials in price of each contract month from the prior day’s settlement price. | A quoted price shall be an average of differentials in price of each contract month from 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
