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Contract Specifications for CME Nikkei 225 ($) Futures (NKD)

EXCHANGE Chicago Mercantile Exchange (CME)
PRODUCT CODE CME Globex: NKD
CME ClearPort: NK
Clearing: NK
CONTRACT UNIT $5.00 x Nikkei Stock Average
PRICING UNIT U.S Dollars
MINIMUM PRICE FLUCTUATION 5.00 index points=$25.00
LISTED CONTRACTS Four months in the March Quarterly cycle
(Mar, Jun, Sep, Dec)
TRADING HOURS CME Globex:
Sunday – Friday 6:00 pm – 5:00 pm New York time/ET (5:00 pm – 4:00 pm Chicago Time/CT). Monday – Thursday 5:00 pm – 6:00 pm New York Time/ET (4:00 pm – 5:00 pm Chicago Time/CT) daily maintenance period.

CME ClearPort:
Sunday – Friday 6:00 pm – 5:00 pm New York time/ET (5:00 pm – 4:00 pm Chicago Time/CT). Monday – Thursday 5:00 pm – 6:00 pm New York Time/ET (4:00 pm – 5:00 pm Chicago Time/CT) daily maintenance period.

PRICE LIMIT OR CIRCUIT Price Limits
SETTLEMENT METHOD Financial Settled
SETTLEMENT PROCEDURES Nikkei (Dollar) Settlement Procedures
TERMINATION OF TRADING 4:00 pm on Business Day prior to 2nd Friday of the contract month
POSITION LIMITS CME Position Limits
EXCHANGE RULEBOOK CME 352
VENDOR CODES Quote Vendor Symbols Listing
BLOCK MINIMUM Block Minimum Thresholds

This page was last updated: November 05, 2015

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