CME to launch Nikkei 225 index futures on Globex

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.

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http://www.cme.com/abt/news/nikkei6105.html

 

do not think this contract trades when japan is open does it ?

 

This is great, I hope IB hook it up as soon as possible.
Wonder what the tick value will be?

 

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.

 

arbitrage I guess

 

What will be the ticksize? I'm guessing $25 ?

 

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.

Geo.

 

I imagine the same as the n225 that trades in singapore http://info.sgx.com/SGXWeb_DT.nsf/n...225_Index_SGX_Nikkei_225_Futures?OpenDocument

their contract ticks in 5 yen increments (as opposed to 10 in osaka) and is smaller, 2500 yen per tick

 

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 www.cme.com/nikkeichat

(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

 

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

Speaker: Dave Lerman, Equity Products