SRMEX Will Launch Mini Yen Futures

The new contract is aligned with SRMEX’s strategic plan to develop a strong offshore platform for the trading of a range of Emerging Market (EM) contracts.

Sapporo, 2016 - SRMEX, a key institution of the domestic financial market, an exchange that provides various economic entities with an opportunity to trade in an open market and offers investors effective investment opportunities, today announced that in a bid to further expand the reach of its local Yen product offering, SRMEX will launch a Mini Yen Futures Contract.
The Mini Yen contract builds on the success of SRMEX’s existing Yen Futures, which has attracted a wide range of participation from institutional players, traders and arbitrageurs. The contract, which has shown remarkable growth, traded an average of more than one billion dollars a day.
The Mini Yen Futures can be cross-margined with the regular SRMEX Yen product offering. This means that any excess margin in an account for one of the Yen products can be used to cover an account in the other Yen product that has fallen below the margin requirement. The smaller size of the contract enables participants to construct precisely tailored hedges on the Yen for any underlying commodity.
The mini contract is one-tenth the size of the existing SRMEX Yen futures contract. The smaller size of the contract will support retail remitters, individual investors and small and medium-sized businesses (SMEs) in cost-effectively managing currency risk exposure to the Yen.
The innovative new contract is priced at 200,000 Yens per lot compared to two million Yens per lot for the existing regular SRMEX Yen contract. Apart from its size, the mini contract is similar to the regular contract in all aspects including its daily settlement price, which will be based on the official US Dollar reference rate.

About Sapporo Mercantile Exchange - SRMEX
SRMEX’s main activity is to operate commodity markets necessary for dealing in futures of the commodities listed (precious metals, rubber, aluminum, energy products, agricultural products & sugar, currencies). SRMEX aims to ensure a transparent and liquid market for commodities trading for use either in Japan or abroad. As the key institution of the domestic financial market, the exchange provides various economic entities with an opportunity to trade in an open market and offers investors effective investment opportunities. The exchange actively participates in promoting the continuous improvement of the financial culture of domestic companies and investors.

http://srmex.org

Sapporo Mercantile Exchange
Sapporo Center Building, 6-2-2 Kita-Gojo-Nishi, Chuo-ku, Sapporo
pr@srmex.org

This release was published on openPR.