Nov. 7, 2013
, the world's leading and most diverse derivatives marketplace, today announced the launch of options on CME's Yen-denominated Nikkei Stock Average futures. CME Group will reference the Osaka Security Exchange's (OSE) Nikkei 225 (Yen) Futures contract in connection with these options contracts. These options contracts are listed with, and subject to, the rules and regulations of CME, and will be available for trading on
January 13, 2014
, pending CFTC review.
"We are pleased to build on our strong relationship with OSE to offer customers more risk management and trading opportunities with leading global equity index benchmarks," said
, Chief Operating Officer, CME Group. "With these options on the Yen-denominated Nikkei 225 Futures contracts now being offered on CME Globex, further adding to our deeply liquid equity index product suite, our customers will be able to realize more trading opportunities, greater capital savings and operational efficiencies."
"The launch of these options is one key output from the ongoing collaboration between OSE (now a part of Japan Exchange Group), and CME Group, and our customers now have greater trading access and convenience," said
, President and CEO, Osaka Securities Exchange. "Having OSE's very active and liquid night session of Nikkei 225 Futures and Options parallel to CME Group's new Yen-denominated Nikkei 225 Options during US core trading hours should also further improve the efficiency in managing risk in the US time zones."
CME Group's new options contracts will be available in American-style and European-style options. The American-style options will be offered in two months in the March Quarterly Cycle, and the European-style options will be offered in two serial months. For European-style options, CME will reference OSE's Nikkei 225 (Yen) Futures contract prices to make in-the-money and exercise determinations at option expiry. Trading on
will be available Monday through Friday from
the following day. For more information, please click on this link:
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Futures and options trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract's value is required to trade, it is possible to lose more than the amount of money deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles. And only a portion of those funds should be devoted to any one trade because they cannot expect to profit on every trade. All references to options refer to options on futures.