Gold Rolling-Spot Futures — Contract Specifications (Osaka Exchange)

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6. [Contract Specifications](/english/derivatives/products/precious-metals/gold-rolling-spot-futures/01.html) Update : Apr. 13, 2026 Please enable Javascript. It is necessary to enable Javascript settings in order to properly view and operate this website. Please refer to support resources for your current browser for how to enable Javascript settings. # Gold Rolling-Spot Futures - [Overview](/english/derivatives/products/precious-metals/gold-rolling-spot-futures/index.html) - [Contract Specifications](/english/derivatives/products/precious-metals/gold-rolling-spot-futures/01.html) - [Suspension of Rolling-Spot Futures and Listing of New Products](/english/derivatives/products/precious-metals/gold-rolling-spot-futures/02.html) ## Contract Specifications <table> <colgroup> <col style="width: 50%" /> <col style="width: 50%" /> </colgroup> <tbody> <tr class="odd"> <td>Type of Trade</td> <td>Cash-settled Futures (Rolling Spot Futures)</td> </tr> <tr class="even"> <td>Target of Trade</td> <td>Gold of minimum 99.99% fineness</td> </tr> <tr class="odd"> <td>Opening Date</td> <td>May 7, 2015<br /> (Note) transferred from TOCOM on July 27, 2020</td> </tr> <tr class="even"> <td>Trading Hours</td> <td>8:45-15:45, 17:00-6:00<br /> (Note) An order acceptance period ("pre-closing") is established for 5 minutes before the Itayose on close.<br /> <a href="/english/derivatives/rules/trading-hours/index.html" class="link-window">Trading Hours</a></td> </tr> <tr class="odd"> <td>Contract Term</td> <td>One Clearing Period (Rolling Spot Futures)</td> </tr> <tr class="even"> <td>About Rolling Spot Futures</td> <td>Rolling Spot Futures contract is established during the session in a given Clearing Period or as a result of the roll-over process executed at the close of the session for the Clearing Period immediately preceding said given Clearing Period, and closed through an offsetting resale or repurchase or as a result of the roll-over process executed at the close of session in the Clearing Period in which the position was established.</td> </tr> <tr class="odd"> <td>Contract Unit</td> <td>100g</td> </tr> <tr class="even"> <td>Price Increment</td> <td>JPY 1 per gram (JPY 100 per Contract Unit)</td> </tr> <tr class="odd"> <td>Price Limits</td> <td><div class="component-list-num"> <ol> <li>The price limit range shall be calculated by multiplying the reference price for price limits by the following rates.<br /> <div class="component-normal-table"> <table> <colgroup> <col style="width: 50%" /> <col style="width: 50%" /> </colgroup> <tbody> <tr class="odd"> <td>Normal</td> <td>±5%</td> </tr> <tr class="even"> <td>1st Expansion</td> <td>±10%</td> </tr> <tr class="odd"> <td>2nd Expansion</td> <td>±15%</td> </tr> </tbody> </table> </div> <div class="component-note"> <span>(Note)</span> <ul> <li>･The price limits will be expanded to the 1st Expansion and then to the 2nd Expansion depending on the circuit breaker status (expansion only for upper or lower price limit).<br /> <a href="/english/derivatives/rules/price-limit-cb/index.html" class="link-window">Price Limits/ Circuit Breaker Rule</a></li> <li>･OSE may temporarily review price limits on orders, taking into consideration market conditions and other factors.</li> </ul> </div></li> <li>Immediately Executable Price Range (Dynamic Circuit Breaker (DCB)): Last traded price (LTP) ±0.5%<br /> <div class="component-note"> <span>(Note)</span> <ul> <li>･However, the DCB Price Range for the opening auction and the closing auction will be ±1.5% and ±1％, respectively.<br /> <a href="/english/derivatives/rules/price-range/index.html" class="link-window">Immediately Executable Price Range Rule</a></li> </ul> </div></li> </ol> </div></td> </tr> <tr class="even"> <td>Circuit breaker</td> <td>Trading will be suspended while Gold Standard Futures is in SCB state.<br /> <a href="/english/derivatives/rules/price-limit-cb/index.html" class="link-window">Price Limits/ Circuit Breaker Rule</a></td> </tr> <tr class="odd"> <td>Strategy Trades</td> <td>The inter-commodity spread trading is available.</td> </tr> <tr class="even"> <td>J-NET Trading</td> <td>Available（Tick size：JPY 0.01, Minimum trading unit：1 unit）<br /> <a href="/english/derivatives/rules/j-net/index.html" class="link-window">J-NET Trading</a></td> </tr> <tr class="odd"> <td>Holiday Trading</td> <td>Available<br /> <a href="https://www.jpx.co.jp/english/derivatives/rules/holidaytrading/index.html" class="link-window">Holiday Trading</a></td> </tr> <tr class="even"> <td>Settlement Price</td> <td>Theoretical spot price<br /> <br /> (Note) Theoretical spot price is calculated as follows.<br /> First, the Forward Rate is calculated using the settlement prices of the second contract month and the sixth contract month of the Gold Standard. Then, taking the number of days remaining until the expiry into consideration, the theoretical price is calculated from the settlement price of the second contract month, using the Forward Rate.</td> </tr> <tr class="odd"> <td>Customer Position Limits (separately for long and short positions)</td> <td>No Position Limits</td> </tr> <tr class="even"> <td>Margin</td> <td>Calculated by VaR Method<br /> <a href="https://www.jpx.co.jp/jscc/en/cash/futures/marginsystem/VaR.html" class="link-blank">Margin Calculation Method (VaR Method) for Futures and Options (JSCC)</a></td> </tr> <tr class="odd"> <td>Settlement</td> <td>Resale or repurchase</td> </tr> <tr class="even"> <td>Give-Up</td> <td>Available<br /> <a href="/english/derivatives/rules/give-up/index.html" class="link-window">Give-Up System</a></td> </tr> <tr class="odd"> <td>Position-Transfer</td> <td>Available<br /> <a href="https://www.jpx.co.jp/jscc/en/cash/futures/position.html" class="link-blank">Position Transfer System</a></td> </tr> <tr class="even"> <td>Position Reporting</td> <td>Not required</td> </tr> </tbody> </table> [Derivatives](/english/derivatives/index.html) - [Products](/english/derivatives/products/index.html) - [Precious Metals](/english/derivatives/products/precious-metals/index.html) - [Gold Standard Futures](/english/derivatives/products/precious-metals/gold-standard-futures/index.html) - [Pocket Gold 100 Futures](/english/derivatives/products/precious-metals/gold-cash-settled-futures/index.html) - [Gold Mini Futures](/english/derivatives/products/precious-metals/gold-mini-futures/index.html) - [Gold Rolling-Spot Futures](/english/derivatives/products/precious-metals/gold-rolling-spot-futures/index.html) - [Options on Gold Futures](/english/derivatives/products/precious-metals/options-on-gold-futures/index.html) - [Silver Futures](/english/derivatives/products/precious-metals/silver-futures/index.html) - [Platinum Standard Futures](/english/derivatives/products/precious-metals/platinum-standard-futures/index.html) - [Pocket Platinum 100 Futures](/english/derivatives/products/precious-metals/platinum-cash-settled-futures/index.html) - [Platinum Mini Futures](/english/derivatives/products/precious-metals/platinum-mini-futures/index.html) - [Platinum Rolling-Spot Futures](/english/derivatives/products/precious-metals/platinum-rolling-spot-futures/index.html) - [Palladium Futures](/english/derivatives/products/precious-metals/palladium-futures/index.html) [PageTop](#) [For Individual Investors](/english/individuals/index.html) [For Listed Companies](/english/listed-companies/index.html) [For Prospective Issuers](/english/pre-listed-companies/index.html) [For Trading Participants](/english/participants/index.html) [For Institutional Investors](/english/institutional/index.html) [For Media](/english/media/index.html) - [Visit JPX](/english/corporate/learning/tour/index.html) <!-- end list --> - [](https://x.com/JPX_official_EN) - [](https://www.facebook.com/JapanExchangeGroupGlobal) - [](https://www.youtube.com/channel/UCnZA74T8a8dEbavWRq8F2nA) <!-- end list --> - [FAQ](/english/faq/index.html) - [Sitemap](/english/sitemap/index.html) - [Disclaimer/ Terms of Use](/english/term-of-use/index.html) - [Handling of Personal Information](/english/corporate/governance/security/personal-information/index.html) [](/english/index.html) © Japan Exchange Group, Inc.