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Item
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Description
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Underlying Index
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Tokyo Stock Price Index (TOPIX)
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Ticker Symbol
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TJF
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Trading Hours
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Trading days conform to regular exchange trading days
Regular trading session: 8:00AM-4:15PM Taiwan time.
After-hours trading session: 5:25PM-5:00AM Taiwan time; there is no after-hours trading session on the last trading day for the expiration month contract.
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Contract Size
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NTD 200 x per index point
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Delivery Months
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Spot month, the next calendar month, and the next three quarterly months.
Upon expiration of near month, new contract month will be listed for trading beginning on the next regular trading session
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Daily Settlement Price
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The daily settlement price is the volume weighted average price, which is calculated by dividing the value of trades by the volume within the last one minute of the regular trading session, or as otherwise determined by TAIFEX according to the Trading Rules.
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Daily Price Limit
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Three-phase price limit, applied on ±8%, ±12% and ±16% of the daily settlement price of the preceding regular trading session.
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Minimum Price Fluctuation
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0.25 index points (NTD 50)
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Last Trading Day
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The business day preceding the second Friday of each contract month.
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Final Settlement Day
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The first business day following the last trading day
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Final Settlement Price
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Special Quotation on the Tokyo Stock Exchange, Inc. (TSE) business day following the last trading day
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Settlement
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Cash settlement
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Position Limit
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Any investor's aggregate open same-side positions in the Contract for various delivery months at any time shall not exceed the limit standards announced by TAIFEX.
Institutional investors may apply for exemption from the above limit on trading accounts for hedging purposes.
These position limits are not applicable to omnibus accounts, with the exception of undisclosed omnibus accounts, which are subject to the limits for institutional investors.
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Margin
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The initial and maintenance margin levels,and the collection measures that the FCM prescribes for its customers, may not be less than those required by the TAIFEX.
The initial margin and maintenance margin announced by the TAIFEX shall be based on the clearing margin calculated according to the TAIFEX Methods and Standards for Receipt of Clearing Margins plus a percentage prescribed by the TAIFEX.
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*TOPIX is calculated by Tokyo Stock Exchange, Inc.. Tokyo Stock Exchange, Inc. does not sponsor, endorse or promote this product.
*All copyright in the index values and constituent list vests in Tokyo Stock Exchange, Inc.. Taiwan Futures Exchange has obtained a licence from Tokyo Stock Exchange, Inc. to use such copyright in the creation of this product.
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