CME Group is introducing two enhancements to Nikkei 225 futures to help you manage benchmark Japanese equity exposure with greater efficiency beginning January 28.
- Launch of Basis Trade on Index Close (BTIC) on Nikkei 225 futures
- Extension of the curve up to 5 years for Yen- and USD- denominated Nikkei 225 futures
BTIC transactions enable market participants to execute a basis trade relative to the official close of the underlying index without slippage risk.
Now you can fine tune your position with on-screen BTIC trading and use the new mechanism to substitute a swap or an OTC forward structure to maintain exposure and potentially reduce costs.