MSCI Emerging Markets Index Future31196851

Description

The MSCI Emerging Markets Index futures contract is based on the MSCI Emerging Markets Index. As of January 2016, the MSCI Emerging Markets Index captures large and mid-cap representation across 23 Emerging Markets (EM) countries. With 837 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. EM countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Russia, Qatar, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.

Market Specifications

Trading Screen Product Name
mini MSCI Emerging Markets Index Futures
Trading Screen Hub Name
ICUS
Contract Size
50 USD multiplied by the MSCI Emerging Markets Index level
Contract Months
Five (5) months in the March, June, September and December quarterly cycle
Price Quotation
Index points, to two (2) decimal places
Tick Size
.10 Index points, equal to 5.00 USD per contract. Block at Close (BIC) minimum tick size: .01 index points.
Last Trading Day
Third Friday of the contract month. Trading in the expiring contract ceases at 4:15pm NY time on Last Trading Day.
Symbol
MME
Final Settlement
Cash settlement to the closing value of the MSCI Emerging Markets Index on the Last Trading Day for the contract.
Position Limit
Position Limit and Position Accountability information for all IFUS products can be found here.
Daily Price Limit
N/A
Block Trades
Yes. 50 contract block threshold on outrights, 25 contract threshold on calendar spreads.
EFRP Enabled
Yes
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
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:30 AM
07:30

*Next Day

Market opens at 6:00pm on Sunday, for Monday’s trade date. Pre-open at 5:30pm Sunday, 7:30pm Monday through Thursday

Codes

Clearing Admin Name
MSCI EM
Physical
MME
Logical
MME
GMI(FC)
R&N A.C.N.