{"id":20431,"date":"2024-10-24T20:17:48","date_gmt":"2024-10-24T20:17:48","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=20431"},"modified":"2024-10-24T20:17:48","modified_gmt":"2024-10-24T20:17:48","slug":"introducing-micro-nikkei-225-futures-expanding-cmes-global-equity-index-suite-with-japans-benchmark","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/introducing-micro-nikkei-225-futures-expanding-cmes-global-equity-index-suite-with-japans-benchmark\/","title":{"rendered":"Introducing Micro Nikkei 225 Futures: Expanding CME’s Global Equity Index Suite with Japan’s Benchmark"},"content":{"rendered":"\n\n\n
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Join our\u00a0Private Facebook group<\/a><\/p>\n

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Listen to our podcast: Subscribe on\u00a0Apple<\/a>,\u00a0Spotif<\/a>y,\u00a0Amazon<\/a>,\u00a0or wherever you listen to podcasts!<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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NEW Micro Nikkei 225 contracts!<\/h2>\n

The Why:<\/strong><\/p>\n

\u00b7\u00a0Nikkei225 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<\/p>\n

\u00b7\u00a0Nikkei 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\u2019s benchmark equity index Nikkei225 which includes Yen- and Dollar- Nikkei futures<\/p>\n

\u00b7\u00a0We anticipate this new Micro to be additive to CME\u2019s micro e-mini equity index product suite<\/strong>: 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<\/p>\n

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Contract Specs:\u00a0<\/strong><\/p>\n

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.<\/p>\n

Contract Unit<\/strong><\/p>\n

0.50 USD x Nikkei Stock Average<\/p>\n

Price Quotation<\/p>\n

USD per Index Point<\/p>\n

Trading Hours<\/strong><\/p>\n

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)<\/p>\n

Minimum Price Fluctuation<\/strong><\/p>\n

5.00 index points=$2.50<\/p>\n

Product Code<\/strong><\/p>\n

CME Globex:\u00a0MNK<\/p>\n

CME ClearPort:\u00a0MNK<\/p>\n

Clearing:\u00a0MNK<\/p>\n

Listed Contracts<\/strong><\/p>\n

Quarterly contracts (Mar, Jun, Sep, Dec) listed for 2 consecutive quarters<\/p>\n

Settlement Method<\/strong><\/p>\n

Financially Settled<\/p>\n

Termination of Trading<\/strong><\/p>\n

5:00 p.m. Eastern Time (ET) on Business Day prior to 2nd Friday of the contract month<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Daily Levels for Oct. 25th 2024<\/strong><\/p>\n

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Economic Reports<\/div>\n
provided by:ForexFactory.com<\/a><\/div>\n
All times are Eastern Time ( New York)<\/div>\n<\/div>\n
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Good Trading!<\/div>\n
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About:\u00a0Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.<\/div>\n
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.<\/div>\n
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Cannon Trading Company<\/div>\n
12100 Wilshire Boulevard<\/div>\n
Suite 1640<\/div>\n
Los Angeles, CA 90025<\/div>\n
(800) 454-9572<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n
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Join our\u00a0Private Facebook group Subscribe to our\u00a0YouTube Channel Listen to our podcast: Subscribe on\u00a0Apple,\u00a0Spotify,\u00a0Amazon,\u00a0or wherever you listen to podcasts! NEW Micro Nikkei 225 contracts! The Why: \u00b7\u00a0Nikkei225 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 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-20431","post","type-post","status-publish","format-standard","hentry","category-future-trading-news"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=20431"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20431\/revisions"}],"predecessor-version":[{"id":20434,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20431\/revisions\/20434"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}