1. CB Trigger Levels
(in JPY)
Commodity (Mini & Options Included) |
Initial CB Trigger
Levels (also CB Expansion Amounts) |
---|---|
Gold | 100 |
Silver | 25.0 |
Platinum | 200 |
Palladium | 60 |
Aluminum | 10.0 |
Gasoline | 2,400 |
Kerosene | 2,400 |
Crude Oil | 2,400 |
Rubber | 10.0 |
2. Process Following a CB Trigger
(1) All Commodities Except Rubber
(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.
(2) Rubber
(a) For the first 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.
* CB Trigger Level after First Trigger = 10 (initial trigger level) + 10
(expansion amount) = 20
(b) From the second CB trigger, trading will resume after a 5-minute halt,
but the CB trigger level will not be expanded (the CB trigger level will
stay at JPY 20). However, when deemed necessary by the Exchange, the
halt period and trigger level expansion may be modified.
As for the CB trigger level at the start of the Day Session on September 1,
if the CB is triggered two times during the Night Session on August 31 then
the level will be JPY 30 (initial 10 + first trigger 10 + second trigger
10), and if the CB is triggered three times then the level will be JPY 40
(initial 10 + first trigger 10 + second trigger 10 + third trigger 10).
See chart below.
August 31
September 1
During Night Session
At the Start of
Day SessionDuring Day Session
Number of CB triggered
CB Trigger Levels
CB Trigger Levels
Number of CB triggered
CB Trigger Levels
No CB Triggered
10
10
1
20
2 or more
20
1
20
20
2 or more
20
2
30
30
3 or more
30
3 or more
40
40
4 or more
40