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

31 Jan, 2023

　TFX today announced it will launch Three-month TONA futures and Three-month TONA futures option contracts on March 20, 2023.

（Reference）Contract Specifications

１．Three-month TONA futures

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

For more information, contact
Tokyo Financial Exchange, Inc.
General Administration Department
Tel: (03)4578-2402
Fax: (03)3212-5780
E-mail: info@tfx.co.jp
URL: http://www.tfx.co.jp