NEW Micro Nikkei 225 contracts!
The Why:
· Nikkei225 index level is above 35K for the first time since early 1990 due to the weak currency, virtuous circle from rising prices/CPI, Japan Exchange’s effort to improve corp governance which is having a positive impact on stock prices and attracting foreign inflows to their domestic equity market. All of which are drawing fresh interest to this index from professional traders in addition to the institutions
· Nikkei Futures are the most liquid International Equity Index Product CME has launched in partnership with Nikkei Inc,. and CME has been building a successful product suite on Japan’s benchmark equity index Nikkei225 which includes Yen- and Dollar- Nikkei futures
· We anticipate this new Micro to be additive to CME’s micro e-mini equity index product suite: The product will be the first step building Micro International Equity Index futures suite at CME. It will also offer a great opportunity to the clients to trade both US and Japan indices in a cost efficient way at the same venue, expressing the view on the first and fourth largest economy in the world any time of the day
Contract Specs:
Effective Sunday 27 October 2024 for trade date Monday 28 October 2024, and pending all relevant regulatory review periods, please be advised that CME will launch Micro Nikkei (USD) Futures.
Contract Unit
0.50 USD x Nikkei Stock Average
Price Quotation
USD per Index Point
Trading Hours
Sunday – Friday 6:00 p.m. – 5:00 p.m. ET (5:00 p.m. – 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. ET (4:00 p.m. CT)
Minimum Price Fluctuation
5.00 index points=$2.50
Product Code
CME Globex: MNK
CME ClearPort: MNK
Clearing: MNK
Listed Contracts
Quarterly contracts (Mar, Jun, Sep, Dec) listed for 2 consecutive quarters
Settlement Method
Financially Settled
Termination of Trading
5:00 p.m. Eastern Time (ET) on Business Day prior to 2nd Friday of the contract month |
