Futures

Contract specifications for Position Transfer Arrangement between NYSE Liffe and TSE

Update : Dec. 21, 2012

Benefits

Contract specifications for Position Transfer

Contract specification for NYSE Liffe TOPIX Futures is as follows.
Please refer to NYSE Liffe homepage for updated information.

	Position Transfer Arrangement between NYSE Liffe and TSE
Underlying Index	TOPIX Index
Trading Hours	1:00am to 9:00pm in GMT (10:00pm to 6:00am in JST) (1:00am to 9:00pm in BST (9:00pm to 5:00am in JST))
Contract Months	4 expiry months (March, June, September, December) The last trading day of Liffe contract months is one business day prior to the last trading day of TSE’s contract month. The first trading day of Liffe contract months is the business day following the last trading day of the previous contract month.
Unit of trading	¥10,000 multiples TOPIX index point for TOPIX Futures (Large contract, same with TSE's)
Min. Fluctuation	0.5 points
Currency	Japanese Yen
Liffe Eligible Trading Member	A NYSE LIFFE clearing member who has executed the Member Link Agreement with a TSE trading member, or A NYSE LIFFE non-clearing member whose clearing member has executed the Member Link Agreement with a TSE trading participant
Clearing and transfer scheme	Open positions at the end of the London day are cleared by NYSE Liffe Clearing, and they are discharged as soon as the position arise in TSE under this agreement.

Facts Sheet Brochure of TOPIX Futures on Liffe

The calendar below indicates the days on which the transfer will be implemented based on NYSE Liffe and TSE trading days.

Trading Calendar for NYSE Liffe Transfer(April 2012 - March 2013)