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Description

The FTSE 250 Index Futures are cash settled upon expiration.

The FTSE 250 Index represents mid cap stocks traded on the London Stock Exchange (LSE), which pass screening for size and liquidity.

Market Specifications

Trading Screen Product Name

FTSE 250 - Stnd Index Future

Trading Screen Hub Name

ICEU

Contract Symbol

Y2

Contract Size

Contract Valued at £2 per index point (e.g. value £30,000 at 15,000)

Contract Series

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

Settlement Date

First business day after the Last Trading Day

Quotation

Index points (eg 15,000)

Tick Size

1.0 (£2) for the Central Limit Order Book,
0.5 (£1) for Block Trades

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 250 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.

Off Exchange Trade Types

Block Trade
EFP
EFS

Block Trade Minimum

150

Final Settlement

Cash settlement based on the Exchange Delivery Settlement Price.

Markers

TIC (Trade at Index Close)

Algorithm

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

MIC Code

IFLL

Clearing Venues

ICEU

Related Products

• FTSE 250 Index Options
• FTSE 100 Index Future
• FTSE 100 Index Options
• FTSE 100 Dividend - Stnd Index Future

Trading Hours

Codes