FX Daily Futures contracts Click365

We can see TV report about foreign exchange transactions on a routine basis. Professionals of foreign exchange dealers at banks or security firms are main players dealing with such transactions in the inter-bank market. The transactions happen in the global inter-bank market including Tokyo, Europe and USA beyond the time-zone difference and around the clock.
FX Daily Futures contracts in TFX bases the above inter-bank foreign exchange transaction. TFX introduced the contract to allow end-users such as individual investors to make transactions in fair and transparent manner. It allows larger amount of business than deposited margin (so called "leverage effect"). Therefore, investment efficiency is higher compared with foreign currency deposit.

For further details, please click here.

FX Daily Futures (Click 365)

Contract Specifications

Date of Listing July 1, 2005
Type of Trade Cash-settled Futures transaction (Rolling Spot Futures)
Underlying Assets (1)Yen Currency Pairs (21 pairs)

  • U.S. Dollar / Japanese Yen <USD/JPY>
  • Euro / Japanese Yen <EUR/JPY>
  • British Pound / Japanese Yen <GBP/JPY>
  • Australian Dollar / Japanese Yen <AUD/JPY>
  • Swiss Franc / Japanese Yen <CHF/JPY>
  • Canadian Dollar / Japanese Yen <CAD/JPY>
  • New Zealand Dollar / Japanese Yen <NZD/JPY>
  • South Africa Rand / Japanese Yen <ZAR/JPY>
  • Turkish Lira / Japanese Yen <TRY/JPY>
  • Norway Krone / Japanese Yen <NOK/JPY>
  • Hong Kong Dollar / Japanese Yen <HKD/JPY>
  • Sweden Krona / Japanese Yen <SEK/JPY>
  • Mexican Peso / Japanese Yen <MXN/JPY>
  • Poland Zloty / Japanese Yen <PLN/JPY>
  • Offshore Chinese Yuan  / Japanese Yen <CNH/JPY>
  • Hungarian Forint / Japanese Yen <HUF/JPY>
  • Czech Koruna / Japanese Yen <CZK/JPY>
  • US Dollar / Japanese Yen (Large) <USL/JPY>
  • Euro / Japanese Yen (Large) <EUL/JPY>
  • British Pound / Japanese Yen (Large) <GBL/JPY>
  • Australian Dollar / Japanese Yen (Large) <AUL/JPY>
(2)Cross Currency Pairs (12 pairs)
  • Euro / U.S. Dollar <EUR/USD>
  • British Pound / U.S. Dollar <GBP/USD>
  • British Pound / Swiss Franc <GBP/CHF>
  • U.S. Dollar / Swiss Franc <USD/CHF>
  • U.S. Dollar / Canadian Dollar <USD/CAD>
  • Australian Dollar / U.S. Dollar <AUD/USD>
  • Euro / Swiss Franc <EUR/CHF>
  • Euro / British Pound <EUR/GBP>
  • New Zealand Dollar / U.S. Dollar <NZD/USD>
  • Euro / Australian Dollar <EUR/AUD>
  • British Pound / Australian Dollar <GBP/AUD>
  • Euro / U.S. Dollar (Large) <EUL/USL>
Trading Method

Market-Making Method

For further information about Market-Making Method, please refer to https://www.click365.jp/en/start/start01.html
Daily Settlement Price A FX Daily Settlement Price is obtained by reference to the contract price of the relevant FX Daily Futures contract that has been executed by Market-Making Method during a specific period of time before the close of the Market Trading Period for the relevant trading day as may be determined by the Exchange.
Contract Term Daily Futures (Rolling Spot Futures)
Rollover

Positions not settled at the close of the Market Trading Period of each trading day are discharged, and concurrently therewith, positions under the same terms and conditions as those of the discharged positions, except for their contract day being the trading day immediately following that trading day, newly arise between the Exchange and the Clearing Member who has held the discharged position.
Trading Hours (1)Yen Currency Pairs (All are written in JST)
Days of Week Standard time in New York Summer time in New York *1
Open *2 Close Open *2 Close
Monday 7:10AM The next day 6:55AM 7:10AM The next day 5:55AM
Tuesday -Thursday 7:55AM 6:55AM
Friday The next day 6:00AM The next day 5:00AM
(2) Cross Currency Pairs (All are written in JST)
Days of Week Standard time in New York Summer time in New York *1
Open *2 Close Open *2 Close
Monday 7:10AM The next day 6:25AM 7:10AM The next day 5:25AM
Tuesday -Thursday 7:55AM 6:55AM
Friday The next day 5:30AM The next day 4:30AM
  • *1 Summer Time in NY, U.S.A. refers to the period of time from the second Sunday in March to the First Sunday in November.
  • *2 There will be a 10 minute Pre-Open period prior to the commencement of each session. During Pre-Open, order submission is permitted yet no trades take place.
  • * Trading hours could be changed temporarily. When Summer time is applied, it shall be announced on our website in advance. Trading hours could be changed due to public holidays in overseas.

Contract Unit/

Tick Size		 (1)Yen Currency Pairs
Contract UnitTick size
USD/JPY10,000 USD0.005 JPY per USD
EUR/JPY10,000 EUR0.005 JPY per EUR
GBP/JPY10,000 GBP0.01 JPY per GBP
AUD/JPY10,000 AUD0.005 JPY per AUD
CHF/JPY10,000 CHF0.01 JPY per CHF
CAD/JPY10,000 CAD0.01 JPY per CAD
NZD/JPY10,000 NZD0.01 JPY per NZD
ZAR/JPY100,000 ZAR0.005 JPY per ZAR
TRY/JPY10,000 TRY0.01 JPY per TRY
NOK/JPY100,000 NOK0.005 JPY per NOK
HKD/JPY100,000 HKD0.005 JPY per HKD
SEK/JPY100,000 SEK0.005 JPY per SEK
MXN/JPY 100,000 MXN0.005 JPY per MXN
PLN/JPY10,000 PLN0.01 JPY per PLN
CNH/JPY10,000 CNH0.001 JPY per CNH
HUF/JPY100,000 HUF0.001 JPY per HUF
CZK/JPY100,000 CZK0.005 JPY per CZK
USL/JPY100,000 USD0.001 JPY per USD
EUL/JPY100,000 EUR0.001 JPY per EUR
GBL/JPY100,000 GBP0.001 JPY per GBP
AUL/JPY100,000 AUD0.001 JPY per AUD
(2) Cross Currency Pairs
Contract UnitTick size
EUR/USD10,000 EUR0.0001 USD per EUR
GBP/USD10,000 GBP0.0001 USD per GBP
GBP/CHF10,000 GBP0.0001 CHF per GBP
USD/CHF10,000 USD0.0001 CHF per USD
USD/CAD10,000 USD0.0001 CAD per USD
AUD/USD10,000 AUD0.0001 USD per AUD
EUR/CHF10,000 EUR0.0001 CHF per EUR
EUR/GBP10,000 EUR0.0001 GBP per EUR
NZD/USD10,000 NZD0.0001 USD per NZD
EUR/AUD10,000 EUR0.0001 AUD per EUR
GBP/AUD10,000 GBP0.0001 AUD per GBP
EUL/USL100,000 EUR0.0001 USD per EUR
Margin For individual customers, margins are calculated based on the maximum leverage ratio of 25 times as prescribed in the relevant laws and regulations.
For Trading Members or Non-Individual Customers,
TFX determines the Margin Reference Amount that covers 99% confidence level of the fluctuation distribution generated by applying the statistical method to the data on the daily price fluctuation of each product (herein-after called “HV method”). The sample periods are past 8 weeks and 104 weeks, and the larger of the two calculation results is adopted. Additionally, for Market Makers, the minimum margin ratio calculated on the basis of historical price movement is adopted by each product. In principle, the Margin Reference Amount is reviewed on a weekly basis.
Position Limit In general, position limits are not applicable; however, the Exchange may limit the volume of a Trading Member’s position whenever the Exchange deems it necessary to do so in order to maintain the regularity of the Exchange Market and protect the public or customers interests.
Exchange Holiday

Saturday, Sunday, New Year's Day and January 2nd only when January 1st falls on a Sunday.

  • * The Exchange may designate an ad hoc holiday for FX Daily Futures transactions when the Exchange deems necessary to do so.

Ticker Symbol

Reuters Contract Detail : JPY=TF, EURJPY=TF, EUR=TF, JPYL=TF, etc.

Bloomberg : TFXJ

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