Russell 1000 Growth Index Mini Futures27770894

Description

The Russell 1000 Growth Index measures the performance of the large cap growth segment of the U.S. equity universe. It includes those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values. Russell 1000 Growth Index mini futures are available for trading on the ICE electronic trading platform for 22 hours a day.

Market Specifications

Trading Screen Product Name
Russell 1000 Growth Index Mini Futures
Trading Screen Hub Name
NYCC
Symbol
RG
Contract Size
$50 times the Index
Contract Months
March/June/September/December quarterly expiration cycle
Price Quotation
Index points, to two decimal places
Tick Size
.10 Index points, equal to $5.00 per contract (Spread and block trades can be done at .05 Index points.)
Daily Settlement
Please see Exchange Rule 4.08(b) for settlement procedures
Last Trading Day
Third Friday of the expiration month. Trading in the expiring contract ceases at 9:30 a.m. ET on the Last Trading Day.
Final Settlement
Cash settlement to a special opening calculation of the Russell 2000 Index based on the opening prices of the component stocks on the third Friday of the contract month. Please see Exchange Rules 19.04 and 19.26 for additional information.
Trading Halt
When a  trading halt occurs on the New York Stock Exchange pursuant to NYSE Rule 80B, trading in Russell futures contracts is halted. Please see Exchange Rule 19.06 for more information.
Interval Price Limits (IPL)
ICE imposes an Interval Price Limit (IPL) for its futures contracts. Prices are not allowed to move more than a pre-determined amount (Interval Price Limit) away from the current market price within a pre-determined period (the Recalculation Time). For more information about the IPL and the IPL and Recalculation Time for Russell index futures, please see this Exchange Notice.
Block Trades
Block trade minimum quantity of 40 contracts. Please see the IFUS Block Trade FAQ for more information.
EFPs and EFSs
Eligible for EFP and EFS transactions.
Trade at Index Close (TIC)
Russell futures contracts are eligible for Trade at Index Close (TIC). Please see the Exchange TIC FAQ.
Trade at Settlement (TAS)
Russell futures contracts are eligible for Trade at Settlement (TAS) trading. Please see the Exchange TAS FAQ.
Position Limits
Position Limit and Position Accountability information for all IFUS products can be found here.
MIC Code
IFUS
Clearing Venues
ICUS
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Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:30 PM
19:30
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:30 AM
00:30
Singapore9:00 AM - 7:00 AM*
09:00 - 07:00
8:30 AM
08:30

*Next Day

Trading begins on Sunday evening in the U.S. at 6:00 PM ET; the Sunday pre-open is 5:30 PM ET.

Codes

Clearing Admin Name
Russell Indices
Physical
RG
Logical
RG
GMI(FC)
R&N A.C.N.