OSE RN Prime Index Futures

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OSE RN Prime Index futures trade on the Osaka Securities Exchange (OSE). They were launched on April 25, 2005. The RN Prime Index is the Market capitalization-weighted stock index that Russell Investments and Nomura Securities Co., Ltd composed with shares of 1,000 companies listed on Japanese stock exchanges with the starting date of the index calculation set on December 30, 1996[1].


In 2007, OSE RN Prime Index futures traded 17,317 contracts[2].



RN Prime Index futures
Exchange Osaka Securities Exchange
Settlement Cash settled
Contract Size RN Prime Index × ¥10,000
Pricing Unit 10,000 yen
Tick Value 5,000 yen
Contract Months 5 months in the March quarterly cycle: Mar, Jun, Sep, Dec (Max, 1 year and 3 months)
Last Trading Day A business day preceding the 2nd Friday of each contract month
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 9:00 - 11:00, 12:30 - 15:10, 16:30 - 19:00 JST (9:00 - 11:10 on a half-trading day)
Ticker Symbol N/A N/A
Price Limits N/A
  • Contracts of less than 500 = ± 80 up/down limit
  • Contracts from 500 - less than 1,000 = ± 160 up/down limit
  • Contracts from 1,000 - less than 1,500 = ± 240 up/down limit
  • Contracts from 1,500 - less than 2,000 = ± 320 up/down limit
  • Contracts from 2,000 - less than 2,500 = ± 400 up/down limit
  • Contracts from 2,500 - less than 3,000 = ± 480 up/down limit
  • Contracts from 3,000 - less than 3,500 = ± 560 up/down limit
  • Contracts from 3,500 or more = ± 640 up/down limit

Notes

References

  1. RN Prime Index. Osaka Securities Exchange.
  2. Trading Volume (During 2007). Osaka Securities Exchange.