MICRO NYSE FANG+™ Index Futures

Description

NYSE FANG+™ index provides exposure to a select group of highly-traded growth stocks of next generation technology and tech-enabled companies. The MICRO futures contract on the index is designed to offer the ability to gain or reduce exposure to this key group of growth stocks in a capital efficient manner.

Market Specifications

Trading Screen Product Name

Micro FANG+ Index Futures

Trading Screen Hub Name

ICUS

Contract Symbol

FNG

Contract Size

$5 times the NYSE FANG+ Index

Contract Series

4 contracts in the March, June, September and December cycle

Price Quotation

Index points, to two decimal places

Tick Size

.20 Index points, equal to $1.00 per contract;
calendar spread trades may be executed at .05 index point increments.
(Block Trades can be done at .01 Index points)

Last Trading Day

Third Friday of the expiration month. Trading in the expiring contract ceases at 9:30 am NY time on Last Trading Day.

Daily Settlement

15:59 to 16:00 NY time

Final Settlement

Cash settlement to a special calculation of the NYSE FANG+ Index (Price Return version) based on the opening prices of the component stocks on the Last Trading Day for the contract.

Position Limit

Position Accountability Level - 20,000 lots in any month
Position Limit - 100,000 lots in all months combined

Daily Price Limit

None.

Off Exchange Trade Types

EFP, EFS, Block Trade

Block Trade Minimum

20 lot Block Minimum Quantity

IPL Levels

IPL Amount: 4000 Index Points
Recalc Time and Hold Period: 5 seconds

NCR and RL

NCR 6.00; RL 15.00; CSLOR 4.00 Index Points

Fees

IFUS fees

MIC Code

IFUS

Clearing Venues

ICUS