The Osaka Securities Exchange (OSE), struggling with low trading volumes, has released the parameters for trading Nikkei 225 VI Futures.
Expected to launch on 27 February, the new contracts are based on the Nikkei Stock Average Volatility Index (Nikkei 225 VI) that estimates the degree of expected fluctuation in the Nikkei Stock Average.
The executable price range for the futures has been set by the OSE at 0.5 points beyond the last contract price, excluding contract prices made by strategy trading.
This enables transactions on several issues to be executed simultaneously and trading on the J-NET derivatives market, used for large volume orders.
Order size limits will be 3,000 for...