JPX Prime 150 Index Futures are scheduled to be listed on the Osaka Exchange (OSE) on March 18, 2024.
JPX Prime 150 Index was first calculated and publicized on July 3, 2023 by JPX Market Innovation & Research (JPXI), a subsidiary of Japan Exchange Group. JPX Prime 150 Index aims to attract investment in value-generating companies and to enable a virtuous cycle of deeper penetration of value-generating management, as well as increasing returns for investors. The index consists of 150 stocks selected from the top stocks listed on the TSE Prime Market ranked by market capitalization based on two measures of value generation: 1) "return on capital" which is based on financial results; and 2) "market valuation" which is based on forecasts and non-financial information.
Currently, ETFs linked to the JPX Prime 150 index have been launched, and OSE, which operates a derivatives market, expects that JPX Prime 150 Index Futures will be used by investors as a hedging instrument to facilitate asset management.
Contract Specifications of JPX Prime 150 Index Futures
Item | JPX Prime 150 Index Futures |
Underlying Index | JPX Prime 150 Index |
Contract Unit(Notional Amount) | JPY 1,000 multiplied by the value of the JPX Prime 150 Index（about JPY 1,200,000）*on March 4, 2024 |
Trading Hours | ■Trading Sessions (all times in JST) Day Session：8:45 a.m. - 3:15 p.m. Night Session：4:30 p.m. - 6:00 a.m. the next day ■J-NET Trading Day Session：8:20 a.m. – 4:00 p.m. Night Session：4:15 p.m. - 6:00 a.m. the next day |
Contract Months | 5 consecutive months consisting of the months of March, June, September, and December |
Last Trading Day | The business day preceding the second Friday of each contract month (when the second Friday is not a business day, it shall be the preceding business day) |
Final Settlement Price | Special Quotation (SQ calculation is based on the total of the opening prices of each component stock of JPX Prime 150 Index on the business day following the last trading day) |
Tick Size | 0.5 points（one tick is JPY 500） |
J-NET Trading | Available |
Strategy Trades | Calendar spread trading available |
Holiday Trading | Available |
For more information on JPX Prime 150 Index Futures:
JPX Web Site＞Derivatives＞Products＞Japanese Indices＞JPX Prime 150 Index Futures
For more information on JPX Prime 150 Index:
JPX Web Site＞Data & Statistics＞Indices＞JPX Prime 150 Index