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Description

The FTSE 100 Index Futures are cash settled upon expiration.

The FTSE 100 is a market-capitalisation weighted index of UK-listed blue chip companies.

Market Specifications

Trading Screen Product Name

FTSE 100 - Stnd Index Future

Trading Screen Hub Name

ICEU

Contract Symbol

Z

Unit of Trading

Contract Valued at £10 per index point (e.g. value £65,000 at 6,500.0)

Delivery Month

Four quarterly months from in the March, June, September, December quarterly cycle

Settlement Date

First business day after the Last Trading Day

Quotation

Index points (eg 6500.0)

Minimum price movement (tick size and value)

0.5 (£5.00)

Last Trading Day

Third Friday in delivery month, Trading shall cease as soon as reasonably practicable after 10:15 (London time) once the Expiry Value of the Index has been determined.

Please refer to London Notice LON2693 for more information.

In the event of the third Friday not being a business day, the Last Trading Day shall normally be the last business day preceding the third Friday.

Exchange Delivery Settlement Price

The value of the FTSE 100 Index is calculated by FTSE International with reference to the outcome of the EDSP intra-day auction at the London Stock Exchange carried out on the Last Trading Day.

Algorithm

Price-time trading algorithm with priority given to the first order at the best price.

Block Trade Minimum

500

Off Exchange Trade Types

Yes

NCR, RL and IPL Levels

"NCR: 30.0;
RL: 30.0;
IPL: 50.0, 3 second recalculation and 5 second hold periods

To access NCR documentation click here

Final Settlement

Cash settlement based on the Exchange Delivery Settlement Price.

Markers

TIC (Trade at Index Close)

MIC Code

IFLL

Clearing Venues

ICEU

Related Products

• FTSE 100 Dividend - Stnd Index Future
• FTSE 250 Index Future
• FTSE 100 Total Return Future

Trading Hours

Codes