Circuit breakers on and after May 1st and May7th,2015

4.28.2015
Circuit breakers on and after May 1st and May7th, 2015 will be handled as follows for the time being; provided, however, that the Exchange might change the Initial CB Trigger Levels, CB Expansion Amounts, and number of expansion, etc., when it deems necessary.
This notice will be send since CB Trigger Level of Corn futures will be change from May 1st,2015 and Gold Daily Futures contract will be launch on May 7, 2015 by setting these levels as same as Gold futures.

 

1. CB Trigger Levels
Commodity
(Mini, Options & from May 7th regarding Daily Futures Included)
Initial CB Trigger Levels
(also CB Expansion Amounts)
Operation of CB
Number of expansion
Duration
of a Halt
Precious Metals
Gold .
150 yen
3 times
5 minutes
Silver .
6.0 yen
Platinum .
200 yen
Palladium .
100 yen
Oil
Gasoline .
2,400 yen
Kerosene .
2,400 yen
Crude Oil .
2,400 yen
Gas Oil .
2,400 yen
Chukyo-Oil
Chukyo Gasoline .
2,400 yen
Chukyo Kerosene .
2,400 yen
Rubber
Rubber
5.0 yen
Agricultural Product
and Sugar
Soybean
1,000 yen
Twice
Azuki
350 yen
Once
Corn
From May 500yen
Until April 400 yen
Twice

 

2. Process Following a CB Trigger

·CB is triggered for each contract month.

·For each 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.

·From the CB trigger exceeding the number of expansion set forth for each product, trading will resume after a 5-minute halt, but the CB trigger level will not be expanded.

·As for the Rubber market, the CB trigger level will not be expanded, in principle, from the fourth CB trigger except for the nearest contract month.

·When deemed necessary by the Exchange, however, the halt period and trigger level expansion may be modified.

3. Examples of CB Expansion

(1) Example for Gold (figures are in JPY)
· CB Trigger Level after 1st Trigger = 150 (initial trigger level) + 150 (expansion amount) = 300
· CB Trigger Level after 2nd Trigger = 300 (previous trigger level) + 150 (expansion amount) = 450
· CB Trigger Level after 3rd Trigger = 450 (previous trigger level) + 150 (expansion amount) = 600

(2) Example for Azuki (figures are in JPY)
· CB Trigger Level after 1st Trigger = 350 (initial trigger level) + 350 (expansion amount) = 700
· CB Trigger Level after 2nd Trigger = 700

Please click here for present Circuit Breakers Trigger Levels

 

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