Options on JGB Futures

ToSTNeT Trading

Update : Nov. 19, 2011

Outline : ToSTNet Trading for Options on JGB Futures

Contracts	Same as Auction trading
Trading Hours	8：20 - 15：15 / 15：25 - 23：30
Minimum Tick Size	¥0.01 per ¥100 in face value (¥10,000 per contract)
Price Range	ToSTNeT trading base price* ±0.5% of the last execution price of the 10-year JGB futures contract in auction. *"ToSTNeT trading base price" is the Theoretical Price calculated from the subjected underlying futures' 　latest execution price.
Minimum Trading Unit	1 Trading Unit
Circuit Brake	When Circuit Brake is executed for the underlying futures contract.
Open Interest / Settlement	Open interest generated by ToSTNeT transactions will be consolidated with that of the auction market. Thus, margin and mark-to-market requirements and notification of resale/repurchase for open interest for ToSTNeT transactions are also consolidated with those of the auction market.