TSE News

Introduction of CNX Nifty Futures

Update : Oct. 23, 2013

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[Tokyo Stock Exchange, Inc.]

1. Purpose

Considering needs of investment in and hedging against India's rapidly growing capital market, Osaka Securities Exchange Co., Ltd. (OSE) will introduce futures based on CNX Nifty which is a major Indian stock index used as a benchmark in various financial instruments.

2. Outline of Trading

(1) Trading Hours (JST):

From 9:00 a.m. to 3:15 p.m. and from 4:30 p.m.to 3:00 a.m. on the next day

(2) Contract Months:

3 nearest serial contract months

(3) Contract Size:

JPY 100 multiplied by the index point of CNX Nifty

(4) Tick Size (Minimum Price Intervals):

1 point

3. Future Plans

(1) Period for Accepting Public Comments:

From Thursday, October 24 to Friday, November 22, 2013 (Accepting on OSE Website)

(2) Launch Date:

The same as the date when OSE and Tokyo Stock Exchange, Inc. integrate their derivatives markets (scheduled on March 24, 2014)

  • (*)Subject to preparations proceeding as scheduled, including approval from the related authorities.



Contact

Tokyo Stock Exchange, Inc.
Derivatives Dept.
Tel: +81-3-3666-0141 (Switchboard)
e-mail:tdex-biz@tse.or.jp

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