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ICE Futures U.S.

MSCI EAFE Index Daily Future

Description

The MSCI EAFE Index Daily Future (“Daily Future”) is a daily contract on the MSCI EAFE Index and can be traded with the parent contract as an inter-commodity spread. Clients have choice of trading the Daily Future vs the nearest two quarterly months

Market Specifications

Trading Screen Product Name
MSCI EAFE Index Daily Future
Trading Screen Hub Name
ICUS
Contract Symbol
DMQ
Parent Contract
MSCI EAFE Future contract (MFS)
Contract Size
$50 times the MSCI EAFE Index
Eligible Contract Dates
Each Business Day on which MSCI Index futures contracts are available to trade on IFUS, excluding the Last Trading Day of the quarterly expiration of the Parent Contract. The nearest 5 Eligible Contract Dates will be listed for trading at any time.
Price Quotation
Index points to three decimal places
Other Information
Buying the Quarterly/Daily spread means buying the Quarterly contract/selling the Daily contract. Selling the Quarterly/Daily spread means selling the Quarterly contract/buying the Daily contract.
Currency
USD
Minimum Price Fluctuation
Screen - 0.100 Index points, equal to $5.00 per contract
Blocks - 0.001 Index points, equal to $0.05 per contract
Trading Hours
08:00 to 18:00 EST time (18:00 hours EST open on Sunday evening) Preopen starts 30 minutes prior to the start of trading.
Last Trading Day
Trading shall cease at 16:15 hours (EST)
Final Settlement
Cash settlement to the closing value of the MSCI EAFE Index on the Last Trading Day for the contract.
Position Accountability and Limit Levels
Positions in the Daily contract will be aggregated with and subject to the Position Accountability and Limit levels of the Parent contract.
Daily Price Limit
None
Off Exchange Trade Types
Block enabled: Block Trade minimum quantity of 50 lots
Fees
Screen Trades: $1.20 per side
Block and EFRP Trades: $1.75 per side
These fees will be waived for all Daily Futures executed as part of an Inter-commodity spread with the parent contract.
NCR, RL and IPL Levels
IPL Amount: TBD Index Points
Recalc Time and Hold Period: 5 seconds
NCR TBD; RL TBD; CSLOR TBD Index Points
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

Codes

Clearing Admin Name
MSCI DEV
Physical
DMQ
Logical
DMQ
GMI (FC)
ION A.C.N.
Symbol Code
DMQ