International Indices

Nikkei 225 Futures Contract

• The product

  Nikkei 225 Futures Contract allows trading today future price forecasts of the stock portfolio represented by the Nikkei Stock Average (Nikke 225), thus meeting the demand of local investors who seek exchange rate fluctuation and international index exposure with a lower investment amount for the Nikkei 225 Futures Contract

  The Nikkei 225 is used around the globe as the premier index of Japanese stocks. It is a price-weighted equity index, which consists of 225 stocks in the 1st section of the Tokyo Stock Exchange.

• Specifications

  Underlying	Nikkei Stock Average Index
  Ticker	INK
  Contract size	Nikkei 225 Futures Contract multiplied by the index point value in Japanese Yen, each point equals 50 Japanese Yen
  Quotation	Index points to two decimal places.
  Tick size	5 index points.
  Round-lot	1 contract.
  Last trading day	Last business day prior to the expiration date
  Expiration date	2nd Friday of the contract month
  Contract months	March, June, September and December.
  Settlement on expiration	Cash settlement.

• Benefits
  • Diversified portfolio.
  • International exposure: Allows local investors to gain exposure to the Japanese market.
  • Use of B3’s trading infrastructure and Clearinghouse by trading Brazilian contracts in Japanese Yen and cash settlement in Brazilian Reals.