CME to launch Nikkei 225 index futures on Globex

Discussion in 'Index Futures' started by McCloud, Jan 26, 2004.

  1. McCloud


    CME to Launch Yen and U.S. Dollar-Based Nikkei® 225 Index Futures Contracts on GLOBEX®

    Market Users Will Now Have Access to Yen-Based Nikkei 225 Index Futures During U.S.and European Business Hours

    CHICAGO, Jan. 25, 2004—Chicago Mercantile Exchange Inc. (CME), the largest U.S. futures exchange, announced it will launch Japanese-yen denominated Nikkei® 225 stock index futures contracts on Feb. 23, marking the first time yen-denominated Nikkei contracts will be offered for trading during non-Asian business day hours. The product will be listed for trading on CME’s GLOBEX® electronic trading platform.

  2. do not think this contract trades when japan is open does it ?
  3. This is great, I hope IB hook it up as soon as possible.
    Wonder what the tick value will be?
  4. def

    def Interactive Brokers

    Looks like it will not due to an agreement with SGX (singapore) which trades the same contract via open outcry during Japanese hourse. As for offering it via Globex, I assume we (IB) will.
  5. arbitrage I guess :)
  6. What will be the ticksize? I'm guessing $25 ?
  7. IB already has the N225 that trades on Osaka. Tick is 10K Yen or $94USD. Morning session begins at 7PM EDT. I recall the data charge being around 15$ to 20$ a month.

  8. def

    def Interactive Brokers

  9. Xenia


    Please join in a pre-launch online chat to learn more about CME'S latest electronic offering, the yen-based and side-by-side, dollar based NIKKEI 225 INDEX FUTURES.

    Join at

    (You may log-in 30 minutes prior to the start of the session.)

    Date: Thursday, February 19
    Time: 3:30 p.m. - 4:15 p.m. (Chicago time)
    Speaker: Dave Lerman, Equity Products
  10. Xenia


    Time: 3:30 p.m. - 4:15 p.m. (Chicago time)

    Speaker: Dave Lerman, Equity Products
    #10     Feb 19, 2004