Japanese Rubber Futures
Japanese Rubber Futures are futures contracts based on the price of RSS3 (Ribbed Smoked Sheet No. 3) rubber traded in Japan. It is a highly liquid market for trading natural rubber, but features a smaller contract size (1,000 kg per contract), creating greater opportunities to profit from rubber price movements. Trading runs continuously from 9:15 AM to 4:55 PM (without a lunch break), covering Japanese market trading hours. Quotes are priced in Japanese Yen, but profit and loss are calculated in Thai Baht.
Investment Highlights
Investors can profit in both bull and bear market conditions | Flexible Trade
No need to worry about Thai Baht exchange rate volatility
Trades and profits are calculated in Thai Baht, aligned with global market price trends
Trade by yourself online via PC, Tablet, or Smartphone, supporting both iOS and Android
Investment consultants are available to provide advice, information, news, and market monitoring
Low margin requirement of approximately 5–10% of total contract value
Quoted in Japanese Yen per kilogram, making global market price comparison easier
Allows arbitrage strategies between Japanese Rubber Futures on TFEX and Rubber Futures on international markets via MTS
Summary of Japanese Rubber Futures Contract Specifications
Item | Contract Specification |
|---|---|
Underlying Asset | Ribbed Smoked Sheet No. 3 (RSS3) traded in Japan |
Contract Months | 6 consecutive calendar months |
Contract Size | 300 times the underlying asset price (Multiplier), without applying exchange rates to calculations (equivalent to 1 ton) |
Price Quotation | Bid or offer price in Yen per unit, based on the price of RSS3 rubber per 1 kg |
Minimum Tick Size | 0.1 Yen per kg (equivalent to 30 Baht per contract) |
Daily Price Limit | +/-10% of the latest settlement price. If trading reaches Ceiling & Floor, trading will pause temporarily and expand to +/-20% of the latest settlement price. |
Trading Hours | Pre-open period: 09:15 – 09:45 |
Last Trading Day | The fourth business day (T-4) prior to the last business day of the contract month, ending at 13:15 on the final day. |
Final Settlement Price | Uses the JPX/OSE RSS3 Rubber Futures price on the last trading day as the Final Settlement Price, without applying exchange rates in the calculation. |
Settlement Method | Cash Settlement |
Position Limit | None specified; however, TFEX may announce position limits as deemed appropriate. |
Exchange Fee | Up to 4 Baht (Promotion for the first 6 months: 3 Baht per contract) |
Data Licensing Fee | Free promotion for the first 6 months |
