TFX to list Three-month TONA futures and Three-month TONA futures option contracts

29 Aug, 2022

　Tokyo Financial Exchange Inc. (TFX) announces that it has decided to list “Three-month TONA futures” and “Three-month TONA futures option contracts”. Subject to approval by the competent authority for relevant arrangements of the exchange‘s rules and regulations, TFX plans to list the new products in late March 2023.

１．Three-month TONA futures Contract Specifications

Underlying Asset	Compounded daily TONA during a period of 3 months from the contract month
Trading Unit	1 Basis point value (price fluctuation of 0.01) = 2,500 yen
Minimum Price Fluctuation	0.001（0.001%＝250 yen）
Contract Month	Nearest 20 Quarterly Months（3,6,9,12）= 5 years
Last Trading Day	3rd Wednesday of the calendar month following each contract month by 3 months
Trading Hours	8:45～11:30（Day Session）※1 12:30～15:30（Day Session）　　15:30～20:00（Evening Session）

※1 Last trading day’s Day session with respect to each contract month shall be 8:45～9:30

２．Three-month TONA futures option contracts Contract Specifications

Underlying Asset	Three-month TONA futures
Trading Unit	One Trading Unit for Three-month TONA futures
Minimum Price Fluctuation	0.001（0.001%＝250 yen）
Contract Month	Nearest 5 Quarterly Months（3,6,9,12）
Last Trading Day	Same as respective underlying futures contract
Exercise Price	12.5 basis points (0.125) increments
Exercise	First Trading Day to Last Trading Day（American Style）
Trading Hours	8:45～11:30（Day Session）※2 12:30～15:30（Day Session）　　15:30～20:00（Evening Session）

※2 Last trading day’s Day session with respect to each contract month shall be 8:45～9:30

３．Planned Listing Date

Late March 2023

　As a crucial FMI of Japan, TFX will endeavor to keep providing products covering wide range of asset class such as long and short term Yen interest rates, foreign currency interest rates, and currency related assets to meet the demands from broad-based market participants.

For more information, contact
Tokyo Financial Exchange, Inc.
General Administration Department
Tel ： (03)4578-2400
Fax ： (03)3212-5780
E-mail ： info@tfx.co.jp
URL ： https://www.tfx.co.jp/