NYSE FANG+ Index Future66380320

Description

NYSE FANG+™ is a new index providing exposure to a select group of highly-traded growth stocks of next generation technology and tech-enabled companies. The 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
FANG+ Index Futures
Trading Screen Hub Name
ICUS
Symbol
FNG
Contract Size
$50 times the NYSE FANG+ Index
Contract Months
4 contracts in the March, June, September and December cycle
Price Quotation
Index points, to two decimal places
Tick Size
.10 Index points, equal to $5.00 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
16:14 to 16:15 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 Accountability
Position Accountability Level - 20,000 lots in any month.
Position Limit
Position Limit - 100,000 lots in all months combined.
Daily Price Limit
None.
Block Trades
Yes, 20 lot Block Minimum Quantity
EFPs and EFSs
Yes.
IPL Levels
IPL Amount: 2000 Index Points
Recalc Time and Hold Period: 5 seconds
NCR and RL
NCR 3.00; RL 7.50; CSLOR 2.00 Index Points
Exchange Fees
Screen Trades: $1.00 per side
Block and EFRP Trades: $1.50 per side
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
Singapore9:00 AM - 7:00 AM*
09:00 - 07:00
8:30 AM
08:30

*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
Russell Indices
Physical
FNG
Logical
FNG
GMI(FC)
R&N A.C.N.