FTSE 100 Index Future TIC

FTSE 100 Index Future TIC43133216

Description

TIC trading allows a market participant to place a bid or offer for a FTSE 100 Index Futures contract during the course of the trading day at a price expressed as a differential between that days FTSE 100 Index closing value and the futures price. A TIC bid or offer is expressed as a positive or negative differential (or no differential) to the FTSE 100 Index closing value. The differential is expressed in ticks of 0.10, up to a maximum of 250 Index points above or below the closing price of the underlying stock index. (The differential need not be expressed in increments of 0.50 which is the existing tick size for FTSE 100 Futures.)

Market Specifications

Trading Screen Product Name
FTSE 100 - Stnd Index TIC
Trading Screen Hub Name
ICEU
Commodity Code
Z
Delivery Months
Front two maturities available for trading
Price Quotation
Index points
Minimum Price Fluctuation
0.10
Last Trading Day
Trading in the expiring contract ceases at 16:30 London Time on the Business Day prior to the Third Friday of the expiration month
Settlement Date
First business day after the Last Trading Day
Block Trade Minimum
384
MIC Code
IFLL
Clearing Venues
ICEU