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ICE Futures U.S.

CoinDesk Solana Index Futures

Description

CoinDesk Solana Futures

Market Specifications

Trading Screen Product Name
CoinDesk Solana Index Futures
Trading Screen Hub Name
ICUS
Contract Size
500 times the CoinDesk Solana Benchmark Reference Rate
Contract Series
Monthly contracts listed for 6 consecutive months.
Price Quotation
US Dollar and cents
Tick Size
0.05 per Solana, equal to $25:00 per contract

Block and EFRP trades can be done at 0.01 per Solana
Trading Hours
8:00 pm to 6:00 pm (6:00 pm open on Sunday evening)

Preopen starts 30 minutes prior to the start of trading.
Last Trading Day
Last Friday of the expiration month.

Trading in the expiring contract ceases at 4:00 pm London time on Last Trading Day.
Contract Symbol
CDS
Daily Settlement Window
15:59 to 16:00 NY time
Final Settlement
Cash settlement to the end of day closing value of the CoinDesk Solana Benchmark reference Rate on the Last Trading Day for the contract.
Position Accountability and Limit Levels
Spot Month Position Limit = 8,000 Contracts

All-Month Position Accountability Level = 20,000 Contracts
Daily Price Limit
None
Block Trade Minimum
Block Enabled, 5 lot Block Minimum Quantity
IPL Levels
IPL Amount: 7.50
Recalc Time: 3 Seconds;
Hold time: 5 seconds
NCR and RL
No Cancellation Range: 1:00
Reasonability Level: 5:00
CSLOR: 0.75
Fees
Screen, Block and EFRP Trades: $.3.00 per side
MIC Code
IFUS
Clearing Venues
ICUS

Trading Hours

CityTradingPre-Open
NEW YORK
8:00 PM - 6:00 PM*
20:00 - 18:00
7:30 PM
19:30
LONDON
1:00 AM - 11:00 PM
01:00 - 23:00
12:30 AM
00:30
SINGAPORE
9:00 AM - 7:00 AM*
09:00 - 07:00
8:30 AM
08:30

*Next Day

8:00 pm to 6:00 pm (6:00 pm open on Sunday evening) Preopen starts 30 minutes prior to the start of trading.

Codes

Clearing Admin Name
DA Indices USD
Physical
CDS
Logical
CDS
GMI (FC)
ION A.C.N.
Symbol Code
CDS