Exchange Trading Fees
Trading Fees for Futures and Options
Update : Dec. 01, 2011
| Products | Exchange trading fees | (reference)Clearing fees of JSCC | |||
|---|---|---|---|---|---|
| 5 & 10-year JGB Futures | Trade | 95yen (per contract) | Regular Trade | 49yen (per contract) | |
| Trade by Exercise of Options onJGB Futures | 82yen (per contract) | Trade by Exercise of Options on JGB Futures | |||
| Physical delivery | 10yen (per contract) | Physical delivery | 132yen (per contract) | ||
| mini-10 year JGB Futures | Regular Trade | 20yen (per contract) | Regular Trade | 5yen (per contract) | |
| Final Settlement | 15yen (per contract) | ||||
| Options on JGB Futures | Regular Trade | 40yen (per contract) | Regular Trade | 10yen (per contract) | |
| Exercise | 10yen × Trading volume of JGB Futures by exercise | ||||
| Index Futures (TOPIX Futures, TOPIX Sector Index Futures) |
Regular Trade | Monthly Volume Threshold (Sides) | Trading fee(Note1) | Regular Trade | 20yen (per contract) |
| 0 - 100,000 | JPY 55 per contract | 100,001 - 300,000 | JPY 35 per contract | SQ Settlement | 57yen (per contract) |
| 300,001 - | JPY 20 per contract | ||||
| mini-Index Futures (mini-TOPIX Futures, TOPIX Core30 Futures, TSE REIT Index Futures) |
Regular Trade | 7yen (per contract) | Regular Trade | 2yen (per contract) | |
| SQ Settlement | 6yen (per contract) | ||||
| Dividend Index Futures (Nikkei 225 Dividend Index Futures, TOPIX Dividend Index Futures, TOPIX Core30 Dividend Index Futures) |
Regular Trade | 7yen (per contract)(Note2) | Regular Trade | 10yen (per contract) | |
| SQ Settlement | 30yen (per contract) | ||||
| Index Options | Regular Trade | 40yen (per contract) | Regular Trade | 10yen (per contract) | |
| Exercise | 10yen (per contract) | ||||
| Single Stock Options | Regular Trade | 40yen (per contract) | Regular Trade | 10yen (per contract) | |
| Exercise(Note3) | 10yen (per contract) | ||||
(Note1)
The discount rate applies to the amount exceeding the threshold.
e.g.) a trading participant trades 540,000 contracts per month, JPY 55 applies to 100,000 contracts, JPY 35 applies to 200,000 contracts, and JPY 20 applies to 240,000 contracts.
(Note2)
Discounted from 40 JPY per contract until further notice
(Note3)
Clearing fees for cash trading (trading value of cash trading by exercise × 0.000004) will be required additionally.
(Note4)
TSE rounds up clearing fees schedule based on Clearing fees rule of JSCC. (As of Nov. 2009)
(Note5)
Give-up fees (5yen per contract) will be required for Clearing Broker.
(Note6)
On 18 October 2010, TOPIX futures will be listed on NYSE Liffe, the leading European derivatives exchange, and both exchanges establish a position transfer scheme where all TOPIX open positions in NYSE Liffe at the end of each day will be automatically transferred to TSE. TSE will set the transfer fee to JPY 5 per contract for the position transfers. Aside from this, NYSE Liffe charges exchange trading fees for TOPIX futures trades on NYSE Liffe.