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ICE OTC

Markit iTraxx Japan

Description

Fifty (50) of the most liquid Japanese entities with investment grade credit ratings as published by Markit® from time to time

Market Specifications

Rule Number
1239
Contract Symbol
ITRX.JAPAN
Currency
USD
Min Notional
Order Book: 5,000,000
All other execution methods: As agreed by counterparties
Max Notional
Order Book: 9,000,000,000
All other execution methods: As agreed by counterparties
Min Notional Increment
Order Book: 5,000,000
All other execution methods: As agreed by counterparties
Contract Series
March and September; one or two months listed at all times
Price Quotation
Basis points
Minimum Price Fluctuation
.0001 basis points
Listing Cycle
Tenors of 1 through 10 Years based on liquidity
Series
All Series, initiated with series 1
Roll Date
September 27 (or the Business Day immediately thereafter) and March 27 (or the Business Day immediately thereafter) of each calendar year
First Trading Day
Date of contract listing
Last Trading Day
Each index series with a Roll Date of September 27 shall have a maturity date of December 27 (or the first Business Day thereafter if December 27 is not a Business Day) occurring up to 10 years following the Roll Date.
Position Limit
None
Daily Price Limit
None
Off Exchange Trade Types
No
NCR and RL
Variable by contract type and price. See Error Trade Policy for more details.
MIC Code
ICES
Clearing Venues
Bilateral

Trading Hours

CityTradingPre-Open
New York2:00 AM - 5:30 PM
02:00 - 17:30

London7:00 AM - 10:30 PM
07:00 - 22:30

Singapore2:00 PM - 5:30 AM
14:00 - 05:30

Codes

Clearing Admin Name
Physical
Logical
GMI (FC)
ION A.C.N.
Symbol Code