FTSE 250 Index Future

FTSE 250 Index Future38716765

Description

The FTSE 250 Index Futures are cash settled upon expiration.

The FTSE 250 Index represents mid cap stocks traded on the London Stock Exchange (LSE), which pass screening for size and liquidity.

Market Specifications

Trading Screen Product Name
FTSE 250 - Stnd Index Future
Trading Screen Hub Name
ICEU
Contract Symbol
Y2
Unit of Trading
Contract Valued at £2 per index point (e.g. value £30,000 at 15,000)
Contract Listing
First business day after the Last Trading Day
Delivery Months
Two quarterly months from in the March, June, September, December quarterly cycle
Quotation
Index points (eg 15,000)
Minimum price movement (tick size and value)
0.5 (£1.00)
Last Trading Day
Third Friday in delivery month, Trading shall cease as soon as reasonably practicable after 10:15 (London time) once the Expiry Value of the Index has been determined.

Please refer to London Notice LON2693 for more information.

In the event of the third Friday not being a business day, the Last Trading Day shall normally be the last business day preceding the third Friday.
Exchange delivery Settlement Price (EDSP)
The value of the FTSE 250 Index is calculated by FTSE International with reference to the outcome of the EDSP intra-day auction at the London Stock Exchange carried out on the Last Trading Day.
Algorithm
Price-time trading algorithm with priority given to the first order at the best price.
Block Trade Minimum
50
Block Trades
Yes
Final Settlement
Cash settlement based on the Exchange Delivery Settlement Price.
MIC Code
IFLL
Clearing Venues
ICEU
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Trading Hours

CityTradingPre-Open
New York2:00 AM - 12:30 PM
02:00 - 12:30
1:03 AM
01:03
London7:00 AM - 5:30 PM
07:00 - 17:30
6:03 AM
06:03
Singapore3:00 PM - 1:30 AM
15:00 - 01:30
2:03 PM
14:03
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Singapore times: Trading begins at 2:00PM of local time and closes next day at 12:30AM of local time.

Codes

Clearing Admin Name
FTSE Fut UNRSTD
Physical
Y2
Logical
Y2
GMI(FC)
R&N A.C.N.