Circuit Breakers

    1. CB Trigger Levels

    (in JPY) / * Point
    Commodity
    (Mini & Options Included)    		 Initial CB Trigger Levels
    (also CB Expansion Amounts)
    Gold 150
    Silver 6.0
    Platinum 200
    Palladium 100

    Oil
    Market

    		Gasoline 2,400
    Kerosene 2,400
    Crude Oil 2,400
    Gas Oil 2,400
    Cyukyo Oil
    Market     		Gasoline 2,400
    Kerosene 2,400
    Rubber 5.0
    Nikkei - Tocom Commodity Index 15.0 *

 

        2. Process Following a CB Trigger


        (a) For the first, second and third CB trigger, the trading session will be halted for 5 minutes from the time of the trigger.   Trading will then resume with an expanded CB.

        Example for Gold (figures are in JPY):
        * CB Trigger Level after First Trigger = 100 (initial trigger level) + 100 (expansion amount) = 200
        * CB Trigger Level after Second Trigger = 200 (previous trigger level) + 100 (expansion amount) = 300
        * CB Trigger Level after Third Trigger = 300 (previous trigger level) + 100 (expansion amount) = 400

        (b) From the fourth CB trigger, trading will resume after a 5-minute halt, but the CB trigger level will not be expanded (for the gold example above, the CB trigger level will stay at JPY 400).  However, when deemed necessary by the Exchange, the halt period and trigger level expansion may be modified.

         

     

     

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