MICRO NYSE FANG+™ Index Futures66380320
ICE Futures U.S.

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
Commodity Code
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
MIC Code
IFUS
Clearing Venues
ICUS

Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:30 PM
19:30
London12:00 AM - 10:00 PM*
00:00 - 22:00
11:30 PM
23:30
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:30 AM
07:30

*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
IFUS FANG
Physical
FNG
Logical
FNG
GMI (FC)
BF
ION A.C.N.