CME to launch Nikkei 225 index futures on Globex

M

McCloud

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
 
Quote from SethArb:

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