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TFX Tokyo Financial Exchange : Launch of Daily futures based on gold /crude oil ETF Index price

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11/15/2017 | 07:05am CET

TFX has decided to introduce Daily futures based on gold bullion ETF Index price and Daily futures based on Crude oil ETF Index price on 'Click Kabu 365' market.

Toward the planned launch in the 1Q of FY 2018 (April 2018 -June 2018), we will determine the contract specifications and prepare the system for the contract.

As 'Click Kabu 365' market offers Daily futures on four major stock indices in Japan, U.S. and Europe, such as Nikkei 225 and NY Dow Jones, it has grown with widespread support from investors.

By adding new Daily futures on gold and crude oil price, we look forward to satisfying various needs from investors.

1. Contract Specifications (to be determined)
Details of Contract Specifications including underlying ETF are as follows:
① SPDR Gold Share: ETF designed to track London gold bullion price.
② WTI crude oil price linked ETF: ETF designed to track price of WTI crude oil futures price

①Gold ETF Product

②Crude Oil Product

Name

Gold ETF Index Daily Futures

Crude oil ETF Index Daily Futures

Underlying Asset (Securities Code)
(Asset management company)

SPDR®Gold Shares ETF
(1326)
(World Gold Trust Services LLC)

WTI crude oil price linked ETF (1671)
(Simplex Asset Management)

Price of Underlying asset (Closing price as of October 13, 2017)

JPY 13,800

JPY 2,204

Trading Unit

ETF price × 10 or 100
(Notional amount :
JPY 138,000 or 1,380,000)

ETF price × 100
(Notional amount:
JPY 220,400)

Minimum price fluctuation

JPY 1

Expiry

None(Daily Futures)

Margin Reference Amount

JPY 1,580 or 15,800

JPY 9,700

※Margin Reference Amount is preliminary calculated as of October 13, 2017.
The above contract specifications are subject to change by further review and discussion with administrative authorities.

2. Planned launch date
The launch will be marked in the 1Q of FY 2018 (April 2018 -June 2018)

【About 'Click Kabu 365'】
'Click Kabu 365' market offers the Japan's first listed Equity Index Daily Futures contracts since its opening in November 2010. At present, the listed 4 contracts are Equity Index Daily Futures on Nikkei 225, DJIA, DAX® and FTSE 100. Transaction scheme for 'Click Kabu 365' and 'Click 365', well-known FX Daily Futures contracts are very similar; trading Nikkei 225 is like trading USD/JPY currency pair. The contracts are characterized by ①Nearly 24 hour access even on Japanese holiday ②Dividend income ③Leverage transaction ④No expiry ⑤Trading Foreign Equity Index in JPY; consequently, they meet wide range of needs from investors such as trading with leverage to make profit from short-term market fluctuation or medium-to-long term investment with dividend income.
■Market Summary

Trading volume of FY 2016
(April 2016- March 2017)

5,493,975(Total of four contracts)

The number of account
(as of the end of September 2017)

111,119 accounts

Margin amount
(as of the end of September 2017)

53,787 Million in JPY

Open Interest
(as of the end of September 2017)

296,433(Total of four contracts )

Trading Members
(as of the end of September 2017)

Daiwa Securities Co., Ltd. (MM only)/ Fujitomi Co., Ltd./ INVAST Securities Co., Ltd./ IwaiCosmo Securities Co., Ltd./ kabu.com Securities Co., Ltd./ Kanetsu FX Securities Co., Ltd./KOYO Securities Co., Ltd. /Monex, Inc/ MONEY SQUARE JAPAN. INC./Nissan Securities Co., Ltd./Okasan Online Securities Co., Ltd./SBI Securities Co., Ltd. /Yutaka Shoji Co.,Ltd. 
13 members in total

(Contact )
Tokyo Financial Exchange
General Administration Department(Public Relations)
TEL :03-4578-2445 /FAX:03-3212-5780
E-mail :[email protected]  URL:https://www.tfx.co.jp

TFX - Tokyo Financial Exchange Inc. published this content on 15 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 November 2017 06:04:06 UTC.

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