WORLD FUTURES AND OPTIONS EXCHANGES
AMERICAN STOCK EXCHANGE (AMEX) 
86 Trinity Place, New York, N.Y. 10006-1802. (212) 306-1000; fax (212) 306-1802. Web site: www.amex.com Neal L. Wolkoff, chairman/CEO.Amex offers options on more than 1,400 common stocks and 24 broad-market, sector and international indexes, plus equity products, such as index warrants, currency warrants and equity-linked term notes. Amex lists Long-Term Equity AnticiPation Securities (Leaps) and E-Flex options. Amex also offers 116 exchange-traded funds, including Diamonds, SPDRs, Fortune 500 index tracking stock, Fortune e-50 index tracking stock and iShares.
BOSTON OPTIONS EXCHANGE (BOX)
100 Franklin Street, Boston, MA, 02110. (312) 310-5005. Web site: www.bostonoptions.com E-mail: Info@bostonoptions.com.The Boston Options Exchange (BOX) is an equity options market under the full regulatory responsibility of the Boston Stock Exchange (BSE). All trading is fully automated. BOX features an electronic auction (PIP) that offers price improvement. Box lists 498 classes (as of November 2005) with plans to scale up to 500 classes or more. BOX may also list options contracts on certain U.S. indexes.
CHICAGO BOARD OPTIONS EXCHANGE (CBOE)
400 S. LaSalle St., Chicago, IL 60605. (312) 786-5600. Fax: (312) 786-7409. E-mail: help@cboe.com Web site: www.cboe.com.William J. Brodsky, chairman/CEO.
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Contract Trading Contract Minimum Daily Initial Avg. daily Contract Type Months Hours Size Fluctuation limit margin volume |
| S&P 500 index (SPX) O 3 nr-term + 3 qrtrly cntrcts (Mar,Jun,Sep,Dec) 8:30am-3:15pm $100 x index 0.05 N/A * 239,104 |
| S&P 100 index (OEX) O 3 nr-term + 3 qrtrly cntrcts (Mar,Jun,Sep,Dec) 8:30am-3:15pm $100 x index 0.05 N/A * 66,026 |
| Dow Jones Industrial Average (DJX) O 3 nr-term + 3 qrtrly cntrcts (Mar,Jun,Sep,Dec) 8:30am-3:15pm $100 x 1/100 index 0.05 N/A * 24,587 |
| Mini Nasdaq 100 (MNX) O 3 nr-term + 3 qrtrly cntrcts (Mar,Jun,Sep,Dec) 8:30am-3:15pm $100 x 1/10 index 0.05 N/A * 23,209 |
| Nasdaq 100 (NDX) O 3 nr-term + 3 qrtrly cntrcts (Mar,Jun,Sep,Dec) 8:30am-3:15pm $100 x index 0.05 N/A * 21,147 |
| Russell 2000 (RUT) O 3 nr-term + 3 qrtrly cntrcts (Mar,Jun,Sep,Dec) 8:30am-3:15pm $100 x index 0.05 N/A * 3,564 |
The CBOE also lists options on over 1,700 individual stocks, 55 indexes, 60 Exchange Traded Funds, as well as Long Term Equity Anticipation Securities (Leaps) on most major stocks and indexes. CBOE also lists a number of securities and Exchange Traded Funds. * Purchases of puts or calls with 9 mos or less until expiration must be paid for in full. Writers of uncovered puts or calls must deposit/maintain 100% of the option proceeds, plus 15% of the aggregate contract value (current index level x $100) minus the amount by which the option is out-of-the-money, if any, subject to a minimum for calls of option proceeds, plus 10% of the aggregate contract value and a minimum for puts of option proceeds, plus 10% of the aggregate exercise price amount.
CHICAGO BOARD OF TRADE (CBOT)
141 W. Jackson Blvd., Chicago, IL 60604. (312) 341-7955. Fax: (312) 341-3027. E-mail: comments@cbot.com. Web site: www.cbot.com.
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Contract Trading Contract Minimum Daily Initial Avg. daily Contract Type Months Hours Size Fluctuation limit margin volume |
| 30 Year U.S. Treas Bonds F, OF Mar,Jun,Sep,Dec 6:00pm - 4:00pm $100,000 1/32 pt = $31.25 None 1,350 F: 356,561; OF: 64,688 |
| 10 Year U.S. Treasury Notes F, OF Mar,Jun,Sep,Dec 6:00pm - 4:00pm $100,000 1/2 of 1/32 = $15.625 None 878 F: 882,008; OF: 230,821 |
| 5 Year U.S. Treasury Notes F, OF Mar,Jun,Sep,Dec 6:00pm - 4:00pm $100,000 1/2 of 1/32 = $15.625 None 540 F: 501,693; OF: 75,057 |
| 2 Year U.S. Treasury Notes F, OF 1st 24 consecutive mos 6:01pm - 4:00pm $200,000 1/4 of 1/32 = $15.625 None 473 F: 85,302; OF: 73 |
| 10 Year Interest Rate Swaps F, OF Mar,Jun,Sep,Dec 6:03pm - 4:00pm $100,000 1/32 pt = $31.25 None 1,215 F: 2,527 |
| 5 Year Interest Rate Swaps F, OF Mar,Jun,Sep,Dec 6:03pm - 4:00pm $100,000 1/2 of 1/32 = $15.625 None 675 F: 728 |
| 30 Day Federal Funds F, OF Mar,Jun,Sep,Dec 6:01pm - 4:00pm $5 million 1/2 of 1 basis pt =$20.835 None 675 F: 47,467; OF: 27,183 |
| 10 Year Municipal Note Index F Mar,Jun,Sep,Dec 6:04pm - 4:00pm $100,000 1/32nd = $31.25 n/a 878 F: 143 |
| DJIASM Futures ($10) F, OF Mar,Jun,Sep,Dec 7:20am-3:15pm $10 * DJIA 1 pt. = $10 10%, 20%, and 30% 4,875 F: 6,957; OF: 468 |
| mini-sized DowSM $5 F, OF Mar,Jun,Sep,Dec 6:15pm - 4:00pm $5 * DJIA 1 pt. = $5 10%, 20%, and 30% 2,632 F:99,976; OF: 2,531 |
| Dow Jones AIG Commodity Index F Mar,Jun,Sep,Dec 8:15 am - 1:30 pm $100 x index 1/10 pt = $10 n/a 2,025 F: 37 |
| 100 oz. Gold F Mar,Jun,Sep,Dec 6:16pm-4:00pm 100 fine troy ounces $.10 = $10 n/a 1,215 F: 2,111 |
| mini-sized Gold F All months 6:16pm-4:00pm 33.2 fine troy oz. $.10 = $3.32 n/a 405 F:1,352 |
| 5,000 Silver F All months 6:16pm-4:00pm 5,000 fine troy ounces $.001 = $5 n/a 1,620 F: 317 |
| mini-sized Silver F Mar,May,Jul,Sep,Dec 6:16pm-4:00pm 1,000 troy ounces $.001 = $1 n/a 324 F: 626 |
| Corn F, OF Jan,Mar,May,Jul,Aug,Sep,Nov 9:30am - 1:15pm 5,000 bu 1/4¢ = $12.50 20¢/bu ($1,000/contract) 338 F: 113,484; OF: 25,671 |
| Soybeans F, OF Jan,Mar,May,Jul,Aug,Sep,Oct,Dec 9:30am - 1:15pm 5,000 bu 1/4¢ = $12.50 50¢/bu ($2,500/contract) 1,013 F: 79,528; OF: 27,356 |
| Soybean Meal F, OF Mar,May,Jul,Sep,Dec 9:30am - 1:15pm 100 tons (2,000 lbs/ton) 10¢ = $10 $20/ton ($2,000/contract) 810 F: 32,939; OF: 2,714 |
| Soybean Oil F, OF Jan,Mar,May,Jul,Aug,Sep,Oct,Dec 9:30am - 1:15pm 60,000 lbs 1/100¢ = $6 2¢ per pound ($1,200/contract) 608 F: 30,168; OF: 2,822 |
| Wheat F, OF Mar,May,Jul,Sep,Dec 9:30am - 1:15pm 5,000 bu 1/4¢ = $12.50 30¢/bu ($1,500/contract) 506 F: 41,003; OF: 7,601 |
| Oats F, OF Jan,Mar,May,Jul,Sep,Nov 9:30am - 1:15pm 5,000 bu 1/4¢ = $12.50 20¢/bu ($1,000/contract) 338 F: 1,406; OF: 90 |
| Rough Rice F, OF Jan,Feb,Apr,Jun,Aug,Oct,Dec 9:15am - 1:30pm 2,000 cwt 1/2¢ = $10 50¢/cwt ($1,000/contract) 513 F: 871; OF: 72 |
| South American Soybeans F Jul,Sep,Dec,Mar,May 9:30am - 1:15pm 5,000 bu 1/4¢ = $12.50 50¢ per bu ($2,500 per contract) 1,350 F: 84 |
| Ethanol F Nov,Dec,Jan,Mar,May,Jul,Sep 9:30am-1:15pm 29,000 U.S. gallons 1/10¢ = $29 15¢ per gallon ($4,350 per contract) 3,375 F: 14 |
| mini-sized Corn F Sep,Nov,Jan,Mar,May,Jul,Aug 9:30am - 1:45pm 1,000 bushels 1/8¢ = $1.25 20 ¢/bu or $200 per contract 68 F: 420 |
| mini-sized Soybeans F N/A 9:30am - 1:45pm 1,000 bushels 1/8¢ = $1.25 50 ¢/bu or $500 per contract 203 F: 1,918 |
| mini-sized Wheat F N/A 9:30am - 1:45pm 1,000 bushels 1/8¢ = $1.25 30 ¢/bushel or $300 per contract 101 F: 132 |
Electronic hours are listed for contracts that trade exclusively on CBOT Clearing Platform; floor hours are listed for contracts that trade primarily on the floor, many of which also trade varying hours electronically. Trading hours are subject to change.
190 S. LaSalle St., Chicago, IL 60603. (312) 554-3350; Fax (312) 554-3373. E-mail: info@chicagoclimateexchange.com Web: www.chicagoclimateexchange.com Richard L. Sandor, chairman and CEO.The Chicago Climate Exchange is a legally binding, rule-based and integrated greenhouse gas emission registry, reduction and trading system. CCX also has an arrangement with ICE Futures to offer a futures product on EU carbon allowances. CCX’s wholly-owned subsidiary, the Chicago Climate Futures Exchange, currently offers a futures product on the EPA’s sulfur dioxide allowances.
CBOE FUTURES EXCHANGE (CFE)
400 S. LaSalle St., Chicago, IL 60605. (312) 786-5600. Fax: (312) 786-7409. E-mail: help@cboe.com. Web site:www.cboe.com/CFE . Patrick Fay, managing director.
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Contract Trading Contract Minimum Daily Initial Avg. daily Contract Type Months Hours Size Fluctuation limit margin volume |
| CBOE Volatility Index (VX) F (Feb, May, Aug, Nov) 8:30am-3:15pm $100 x index 0.10 VBI point=$10 N/A $2,250 472 |
| CBOE China index (CX) F (Mar,Jun,Sep,Dec) 8:30am-3:15pm $100 x index 0.05 of 1 pt=$5 N/A $2,750 2 |
| S&P 500 Three-Month Variance (VT) F Mar,Jun,Sep,Dec 8:30am-3:15pm $50 x index 0.50 of 1pt=$25 N/A $6,875 21 |
The CFE, launched in 2004, lists futures on 17 products and is a wholly-owned subsidiary of CBOE. CFE operates as an all-electronic exchange, using CBOEdirect as its trading platform, with trades cleared through the Triple-A rated Options Clearing Corporation.
CHICAGO MERCANTILE EXCHANGE (CME)
20 S. Wacker Dr., Chicago, IL 60606. (312) 930-1000. Fax: (312) 930-3439. E-mail: info@cme.com. Web site:www.cme.com Terrence A. Duffy, chairman; Craig S. Donohue, CEO; Phupinder Gill, president/COO.
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Contract Trading Contract Minimum Daily Initial Avg. daily Contract Type Months Hours Size Fluctuation limit margin volume |
| S&P 500 (SP) F,OF Mar,Jun,Sep,Dec 8:30am-3:15pm $250 x index 0.1=$25 RTH +/- 5%,10%,15%,20% $19,688 F: 54,923; OF: 31,834 |
| E-mini S&P 500 (ES) F,OF Mar,Jun,Sep,Dec Mon-Thurs: 3:30pm-3:15pm; Sun/Hol: 5:30pm-3:15pm $50 x index 0.25=$12.50 RTH +/- 5%,10%,15%,20% $3,938 F: 721,788; OF: 11,428 |
| S&P 500 Barra Growth (SG) F Mar,Jun,Sep,Dec Mon-Thurs: 3:30pm-3:15pm; Sun/Hol: 5:30pm-3:15pm $250 x index 0.1=$25 RTH +/- 5%,10%,15%,20% $10,000 9 |
| S&P 500 Barra Value (SU) F Mar,Jun,Sep,Dec Mon-Thurs: 3:30pm-3:15pm; Sun/Hol: 5:30pm-3:15pm $250 x index 0.1=$25 RTH +/- 5%,10%,15%,20% $9,688 29 |
| S&P 500 ETF (PY) F Mar,Apr,May, Jun Globex:Mon-Fri: 8:30 am-3:15 pm 100 shares of S&P Depositary Receipts .01=$1.00 varies 20% 21 |
| Nasdaq 100 (ND) F,OF Mar,Jun,Sep,Dec 8:30am-3:15pm $100 x index 0.5=$50 RTH +/- 5%,10%,15%,20% $18,750 F: 16,136; OF: 147 |
| E-mini Nasdaq 100 (NQ) F Mar,Jun,Sep,Dec Mon-Thurs: 3:30pm-3:15pm; Sun/Hol: 5:30pm-3:15pm $20 x index 0.5=$10 RTH +/- 5%,10%,15%,20% $3,750 264,637 |
| Nasdaq 100 ETF (QQ) Mar,Apr,May, Jun Globex:Mon-Fri: 8:30 am-3:15 pm 200 shares of Nasdaq-100 Index Tracking Stock (QQQ) .01=$2.00 varies 20% N/A |
| Russell 2000 (RL) F,OF Mar,Jun,Sep,Dec 8:30am-3:15pm 200 shares of iShares Russell 2000 0.05=$25 RTH +/- 5%,10%,15%,20% $16,875 F: 1,992; OF: 19 |
| E-mini Russell 2000 (ER) F Mar,Jun,Sep,Dec Mon-Thurs: 3:30pm-3:15pm; Sun/Hol: 5:30pm-3:15pm $100 x index 0.1=$10 RTH +/- 5%,10%,15%,20% $3,375 98,829 |
| Nikkei 225 (NK) F,OF Mar,Jun,Sep,Dec 8:00am-3:15pm $5 x index 5=$25 varies $4,063 F: 5,676; OF: 33 |
| Eurodollar (ED) F,OF Mar,June,Sep,Dec, next 4 7:20am-2pm $1,000,000 0.01=$25 floor: none; Globex: 200 pts $945 F: 1,490,707; OF: 696,943 |
| Euroyen (EY) F,OF Mar,Jun,Sep,Dec 7:20am-2pm ¥100,000,000 0.005=1,250Yen none ¥10,125 F: 714; OF: 88 |
| 5-yr. Swap (S5) F Mar,Jun,Sep,Dec 7:20am-2pm $200,000 0..0025=$25 2 pts (overnight only) $1,350 139 |
| 10-yr. Swap (S0) F 2 mos in March qrtrly 7:20am-2pm $100,000 0.01=$25 none $1,485 129 |
| 2-yr. Swap (S2) F 2 mos in March qrtrly Mon-Thurs: 5:00pm-4pm; Sun/Hol: 5:30pm-4pm $500,000 0.0025=$25 2 pts (overnight only) $1,485 131 |
| Euro (EC) F,OF Mar,June,Sep,Dec 7:20am-2pm €125,000 0.0001=$12.50 none $2,835 F: 122,901; OF: 8,045 |
| Japanese yen (JY) F,OF Mar,June,Sep,Dec 7:20am-2pm ¥12,500,000 0.000001=$12.50 none $2,295 F: 42,158; OF: 1,326 |
| Canadian dollar (CD) F,OF Mar,June,Sep,Dec 7:20am-2pm C$100,000 0.0001=$10 none $1,215 F: 26,961; OF: 824 |
| Swiss franc (SF) F,OF Mar,June,Sep,Dec 7:20am-2pm SF125,000 0.0001=$12.50 none $1,890 F: 25,335; OF: 179 |
| British pound (BP) F,OF Mar,June,Sep,Dec 7:20am-2pm £62,500 0.0001=$6.25 none $1,755 F: 26,659; OF: 567 |
| Mexican peso (MP) F,OF 13 months 7:20am-2pm MP500,000 0.000025=$12.50 none $1,875 F: 12,746; OF: 6 |
| Australian dollar (AD) F,OF Mar,June,Sep,Dec 7:20am-2pm A$100,000 0.0001=$10 none $1,283 F: 15,846; OF: 502 |
| Euro/yen crossrate (RY) F Mar,June,Sep,Dec 7:20am-2pm €125,000 0.01=¥1,250 none ¥270,000 423 |
| South African rand (RA) F 13 months 7:20am-2pm SAR500,000 0.000025=$12.50 none $3,848 161 |
| New Zealand dollar (NE) F,OF Mar,June,Sep,Dec 7:20am-2pm NZ$100,000 0.0001=$10 none $1,688 F: 589 |
| E-mini Euro (E7) F Mar,June,Sep,Dec Mon-Thurs: 4:30pm-4pm; Sun/Hol: 5:30pm-4pm €62,500 0.0001=$6.25 none $1,418 2,560 |
| Euro/Swiss franc crossrate (RF) F Mar,June,Sep,Dec 7:20am-2pm €125,000 0.0001=SF12.50 none SF1,215 42 |
| Euro/pound crossrate (RP) F Mar,June,Sep,Dec 7:20am-2pm €125,000 0.00005=£6.25 none £945 143 |
| Euro/Australian dollar crossrate (CA) F Mar,June,Sep,Dec Mon-Thurs: 5:00pm-4pm; Sun/Hol: 5:30pm-4pm €125,000 0.0001=A$12.50 none A4,050 3 |
| Pound/Japanese yen crossrate (BY) F Mar,June,Sep,Dec Mon-Thurs: 5:00pm-4pm; Sun/Hol: 5:30pm-4pm £125,000 0.01=¥1,250 none ¥405,000 4 |
| Live cattle (LC) F,OF Feb,Apr,Jun,Aug,Oct,Dec 9:05am-1pm (OF: 1:02pm) 40,000 lbs 0.00025=$10 $0.015/lb=$600 $945 F: 20,391; OF: 1,773 |
| Feeder cattle (FC) F,OF Jan,Mar,Apr,May,Aug,Sep,Oct,Nov 9:05am-1pm (OF: 1:02pm) 50,000 lbs 0.00025=$12.50 $0.03/lb=$1500 $1,350 F: 3,612; OF: 519 |
| Pork bellies, frozen (PB) F,OF Feb,Mar,May,Jul,Aug 9:10am-1:00pm (OF: 1:02pm) 40,000 lbs 0.00025=$10 $0.02,0.045/varies $1,620 F: 484; OF: 14 |
| Lean hogs (LN) F,OF Feb,Apr,May,Jun,Jul Aug,Oct,Dec 9:10am-1:00pm (OF: 1:02pm) 40,000 lbs 0.00025=$10 $0.02/lb=$800 $1,080 F: 14,885; OF: 708 |
| Lumber (LB) F,OF Jan,Mar,May,Jul,Sep,Nov 9:00am-1:05pm (OF: 1:07pm) 110,000 ft 0.1=$11 $10/1,000 ft. $1,650 F: 853; OF: 88 |
| Milk Class III (DA) F,OF 24 months 9:40am-1:10pm (OF: 1:12pm) 200,000 lbs 0.01=$20 .75 hundred weight $405 F: 710; OF: 277 |
| Butter (DB) F,OF Mar,May,Jul,Sep,Oct,Dec 9:25am-1:10pm (OF: 1:12pm) 40,000 lbs 0.00025=$10 $0.05/lb=$2,000 $2,700 F: 31; OF: 1 |
| HDD weather (varies) F,OF Oct,Nov,Dec,Jan,Feb,Mar,Apr Mon-Thurs: 3:45pm-3:15pm $20 x index 1=$20 50 pts=$5,000 3.38%-11.75% F: 218; OF: 34 |
| CDD weather (varies) F,OF Apr,May,Jun,Jul,Aug,Sep,Oct Mon-Thurs: 3:45pm-3:15pm $20 x index 1=$20 50 pts=$5,000 1.76%-22.95% F: 511; OF: 132 |
| HDD weather seasonal stips (varies) F,OF Oct,Nov,Dec,Jan,Feb,Mar,Apr Mon-Thurs: 3:45pm-3:15pm $20 x index 1=$20 50 pts=$5,000 2.43%-6.75% F: 511; OF: 90 |
| CDD weather seasonal stips (varies) F,OF Apr,May,Jun,Jul,Aug,Sep,Oct Mon-Thurs: 3:45pm-3:15pm $20 x index 1=$20 50 pts=$5,000 3.11%-14.45% F: 105; OF: 1,074 |
| Goldman Sachs Commodity Index (GI) F,OF 12 months 8:45am-1:40pm (OF: 5:00pm-4:00pm) $250 x index 0.05=$12.50 Globex: +/- GSCL pts. $6,000 F: 1,776; OF: 3 |
| Eurozone (HICP) F 12 months Globex:2:00 am-10:00am _10,000 x HICP Index 0.01=_100.00 none 875 1 |
| CME $ Index (DR) F Mar,Jun,Sep,Dec 7:20am-2pm $1,000 x index 0.005=$5 none $1,958 26,961 |
| E-Mini Japanese Yen F Mar,Jun,Sep,Dec Mon/Thurs 5pm-4pm ¥6,250,000 0.000001=$6.25 none $1,148 42,158 |
| Russian Ruble (RU) F Mar,Jun,Sep,Dec 7:20am-2pm 2,500,000 Russian rubles 0.00001=$25 none $3,000 31 |
| S&P Financial Sector (FS) F Mar,Jun,Sep,Dec Globex: Mon/Thurs 3:30pm-3:15pm $125 x index 0.1=$12.50 RTH +/- 5%,10%,15%,20% $2,375 4 |
The CME also trades spot butter, cheese and nonfat dry milk, other dairy contracts, other currencies and currency crossrates and other financial products.Globex hours are listed for contracts that trade exclusively on Globex; floor hours are listed for contracts that trade primarily on the floor, many of which also trade varying hours on Globex. Check with exchange for details.
EUREX US
233 S. Wacker Drive, Suite 2450, Chicago, IL 60606. (312) 544-1100. Fax: (312) 544-1101. E-mail:info.us@eurexUS.com. Web site: www.eurexus.com Satish S. Nandapurkar, CEO.
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Contract Trading Contract Minimum Daily Initial Avg. daily Contract Type Months Hours Size Fluctuation limit margin volume |
| 2-yr. T-Note F Mar,Jun,Sep,Dec 7pm-4pm $200,000 $15.625/contract N/A N/A 14 |
| 5-yr. T-Note F Mar,Jun,Sep,Dec 7pm-4pm $100,000 $15.625/contract N/A N/A 2,046 |
| 10-yr. T-Notes F,OF Mar,Jun,Sep,Dec 7pm-4pm $100,000 $15.625/contract N/A N/A F: 1,654 |
| US T-Bonds F Mar,Jun,Sep,Dec 7pm-4pm $100,000 $15.625/contract N/A N/A 1,340 |
| Russell 1000 F Mar,Jun,Sep,Dec 7pm-4pm $100 x 1 pt $10/1 pt N/A N/A 120 |
| Russell 2000 F Mar,Jun,Sep,Dec 7pm-4pm $100 x 1 pt $10/1 pt N/A N/A 372 |
INTERNATIONAL SECURITIES EXCHANGE (ISE)
60 Broad St., New York, NY 10004. (212) 943-2400. Fax: (212) 425-4926. E-mail: mail@iseoptions.com. Web site:www.iseoptions.com. Ivers W. Riley, chairman; David Krell, president/CEO.The ISE trades options on more than 500 individual stocks. Contact the exchange for contract details.
KANSAS CITY BOARD OF TRADE (KCBT)
4800 Main St., Suite 303, Kansas City, MO 64112. (816) 753-7500. Fax: (816) 753-3944. E-mail: kcbt@kcbt.com.Web site: www.kcbt.com Jeff Borchardt, president and CEO.
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Contract Trading Contract Minimum Daily Initial Avg. daily Contract Type Months Hours Size Fluctuation limit margin volume |
| Hard red winter wheat (KW) F,OF Mar,May,Jul,Sep,Dec 9:30am-1:15pm open outcry; 6:32pm-6:00am electronic 5,000 bu 1/4¢/bu=$12.50 30¢=$1,500 $500 F: 12,783; OF: 878 |
| Value Line stock index (MV) F,OF Mar,Jun,Sep,Dec 6:15 pm-3:15pm, electronic $25 x index 0.5pt=$12.50 varies $1,000 F: 10 |
The KCBT also lists contracts in Western natural gas.
MINNEAPOLIS GRAIN EXCHANGE (MGEX)
400 South 4th St., Minneapolis, MN 55415. (612) 321-7101. Fax: (612) 339-1155. E-mail: info@mgex.com. Web site:www.mgex.com Mark Bagan, president and CEO.
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Contract Trading Contract Minimum Daily Initial Avg. daily ontract Type Months Hours Size Fluctuation limit margin volume |
| Hard red spring wheat (MW) F,OF Mar,May,Jul,Sep,Dec 9:30am-1:15pm 5,000 bu 1/8¢/bu=$6.25 30¢=$1,500 $650 F: 5,177; OF: 97 |
| National corn index (NCI) F,OF All months 8:30am-1:30pm; 2pm-4pm NCI x 5,000 bu 1/4¢/bu=$12.50 25¢ $390 F: 3; OF: 11 |
| Hard Winter Wheat Index F,OF All months 8:30am-1:30pm; 2pm-4pm 5,000 bu 1/4c/bu=$12.50 30¢ $650 F: 2; OF: 8 |
| Hard Spring Wheat Index F,OF All months 8:30am-1:30pm; 2pm-4pm 5,000 bu 1/4c/bu=$12.50 30¢ $650 |
NEW YORK BOARD OF TRADE (NYBOT)
One North End Ave., 13 th Floor. New York, N.Y. 10282. (212) 748-4000. Fax: (212) 748-4039. E-mail: webmaster@nybot.com. Web site: www.nybot.com Charles H. Falk, president and CEO.
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Contract Trading Contract Minimum Daily Initial Avg. daily ontract Type Months Hours Size Fluctuation limit margin volume |
| Sugar #11 (SB) F,OF Jan,Mar,May,Jul,Oct 9am-12pm 112,000 lbs 1/100¢/lb=$11.20 none $700 F: 48,961; OF: 10,910 |
| Coffee (KC) F,OF Mar,May,Jul,Sep,Dec 9:15am-12:30pm 37,500 lbs 5/100¢=$18.75 none $1,960 F: 14,874; OF: 8,679 |
| Cotton #2 (CT) F,OF All months 10:30am-2:15pm 50,000 lbs 1/100¢/lb=$5 $0.03/lb=$1,500 $2,660 F: 14,011; OF: 6,168 |
| Cocoa (CC) F,OF Mar,May,Jul,Sep,Dec 8am-11:50am 10 metric tons $1/ton=$10 none $1,400 F: 9,313; OF: 2,004 |
| FCOJ (OJ) F,OF Jan,Mar,May,Jul,Sep,Nov 10:00am-1:30pm 15,000 lbs 5/100¢/lb=$7.50 5¢/lb=$750 $700 F: 2,957; OF: 1,385 |
| Sugar #14 (SE) F Jan,Mar,May,Jul,Sep,Nov 8:50am-11:58am 112,000 lbs 1/100¢/lb=$11.20 none $560 484 |
| Russell 1000 (R) F,OF Mar,Jun,Sep,Dec 9:30am-4:15pm $500 x index 0.05=$25 varies $9,000 F: 3,104; OF: 561 |
| NYSE Composite index (YX) F,OF Mar,Jun,Sep,Dec 9:30am-4:15pm $500 x index 0.05=$25 varies $9,000 F: 63; OF: 114 |
| US dollar index (DX) F,OF Mar,Jun,Sep,Dec 3am-8:05am; 8:05am-3pm $1,000 x index 0.01=$10 200 ticks $1,330 F: 3,619; OF: 142 |
| Euro/yen crossrate (EJ) F,OF Mar,Jun,Sep,Dec 3am-9am; 9:05am-3pm €100,000 0.01=¥1,000 none ¥299,250 F: 1,328 |
| Euro/pound crossrate (GB) F,OF Mar,Jun,Sep,Dec 3am-9am; 9:05am-3pm €100,000 0.0001=£10 none £1197 F: 949 |
| Japanese yen (YY) F,OF Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm $200,000 0.01=¥2,000 none ¥399,000 F: 186 |
| Euro/Swiss franc crossrate (RZ) F,OF Mar,Jun,Sep,Dec 3am-9am; 9:05am-3pm €100,000 0.0001=SF10 none SF1,330 F: 1,026; OF: 0 |
| Euro/krona crossrate (RK) F,OF Mar,Jun,Sep,Dec 3am-9am; 9:05am-3pm €100,000 0.0005=50 krona none 11,970 krona F: 455; OF: 0 |
| British pound (YP) F,OF Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm £125,000 0.0001=$12.50 none $3,059 F: 949; OF: 0 |
| Euro/Australian dollar crossrate (RA) F Mar,Jun,Sep,Dec 3am-9am; 9:05am-3pm €100,000 0.001=A$10 none A$3,325 215 |
| Euro/Canadian dollar crossrate (EP) F Mar,Jun,Sep,Dec 3am-9am; 9:05am-3pm €100,000 0.001=C$10 none C$2,926 42 |
| Swiss franc (YF) F Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm $200,000 0.0001=SF20 none SF6,384 32 |
| South African rand (ZR) F,OF Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm $100,000 0.0005=50 rand none 39,900 rand F: 303 |
| Australian dollar (AU) F,OF Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm A$200,000 0.0001=A$20 none $2,926 F: 125 |
| Canadian dollar (YD) F,OF Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm $200,000 0.0001=C$20 none C$5054 F: 10 |
| Swedish krona (KU) F,OF Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm $200,000 0.0001=20 krona none 35,910 krona F: 30 |
| Norwegia krone (NS) F,OF Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm $200,000 0.0001=20 krone none 33,250 krone F: 59 |
| Australian Dollar/Canadian Dollar (AS)F,OF Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm A$200,000 0.0001=C$20 none C$3192 F: 26 |
| Australian Dollar/New Zealand (AR) F,OF Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm A$200,000 0.0001=NZ$20 none NZ$3059 F: 117 |
| Canadian Dollar/Japanese Yen (HY) F Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm C$200,000 0.01=¥2,000 none ¥299250 32 |
| New Zealand Dollar/U.S. Dollar (ZX) F,OF Mar,Jun,Sep,Dec 8:05am-3pm NZ$200,000 0.0001=$20 none $2,793 F: 217; OF: 0 |
| Australian Dollar/Japanese Yen (YA) F,OF Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm A$200,000 0.01=¥2,000 none ¥399,000 F: 440; OF: 0 |
| Pound/Swiss (SS) F Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm £125,000 0.0001=CHF12.50 none CHF4,655 152 |
| Pound/Yen (SY) F,OF Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm £125,000 0.01=¥1,250 none 465,500 F: 435 |
| Swiss/Yen (ZY) F Mar,Jun,Sep,Dec 3am-8am; 8:05am-3pm CHF200,000 0.01=¥2,000 none ¥399,000 223 |
| Russell 1000 Growth Index (GG) F,OF Mar,Jun,Sep,Dec 9:30am-4:15pm $500 x index 0.05=$25 varies $9,000 F: 11 |
| Russell 1000 Value Index (VV) F,OF Mar,Jun,Sep,Dec 9:30am-4:15pm $500 x index 0.05=$25 varies $9,000 F: 88 |
| Russell 2000 Index (TO) F,OF Mar,Jun,Sep,Dec 9am-11:45am $500 x index 0.05=$25 varies $9,000 F: 0; OF: 128 |
| Reuters Jeffries CRB Index (CR) F,OF Jan,Feb,Apr,Jun,Aug,Nov 10am-2:30pm $500 x Index 0.05=$25 varies $1,500 F: 43; OF: 8 |
Nybot also trades various non-dollar and non-euro denominated currency crossrates in addition to both larger and smaller contract sizes of its stock index roducts. Electronic hours are listed for contracts that trade exclusively electronically; floor hours are listed for contracts that trade primarily on the floor, many of which also trade varying hours electronically. Check with exchange for details.
NEW YORK MERCANTILE EXCHANGE (NYMEX)
World Financial Center, One North End Ave., New York, N.Y. 10282-1101. (212) 299-2000. Fax: (212) 301-4700.E-mail: info@nymex.com. Web site: www.nymex.com Mitchell Steinhause, chairman; James E. Newsome, president.
|
Contract Trading Contract Minimum Daily Initial Avg. daily ontract Type Months Hours Size Fluctuation limit margin volume |
| Light, sweet crude oil (CL) F,OF All months 10am-2:30pm 1,000 U.S. bbl (42,000 gal.) $0.01/bbl=$10 $10/bbl=$10,000 See Web site F: 193,869; OF: 51,939 |
| Henry Hub natural gas (NG) F,OF All months 10am-2:30pm 10,000 mmBtu $0.001/mmBtu=$10 $3/mmBtu=$30,000 See Web site F: 70,325; OF: 32,692 |
| Unleaded gasoline (HU) F,OF All months 10:05am-2:30pm 1,000 U.S. bbl (42,000 gal.) $0.0001/gal=$4.20 $0.25/gal=$10,500 See Web site F: 48,819; OF: 13 |
| Heating oil (HO) F,OF All months 10:05am-2:30pm 1,000 U.S. bbl (42,000 gal.) $0.0001/gal=$4.20 $0.25/gal=$10,500 See Web site F: 47,479; OF: 30 |
| Propane (PN) F All months 9:20am-1:10pm 1,000 U.S. bbl (42,000 gal.) $0.0001/gal=$4.20 $0.25/gal=$10,500 See Web site 17 |
| NYMEX miNY crude oil (QM) F All months 7pm-2:30pm (Sun-Fri), break from 230pm to 315 pm 500 bbl $0.025/bbl=$12.50 N/A See Web site 16,688 |
| NYMEX miNY natural gas (QG) F All months 7pm-2:30pm (Sun-Fri) break from 230pm to 315 pm 5,000 mmBtu $0.005/mmBtu=$25 N/A See Web site 1,309 |
| Gold (CG) F,OF All months 8:20am-1:30pm 100 troy oz $0.10/oz=$10 based on current prices See Web site F: 55,440; OF: 10,170 |
| Silver (SI) F,OF All months 8:25am-1:25pm 5,000 troy oz $0.005/oz=$25 based on current prices See Web site F: 19,333; OF: 3,540 |
| Copper (HG) F,OF All months 8:10am-1pm 25,000 lbs $0.0005/lb=$12.50 based on current prices See Web site F: 14,479; OF: 556 |
| Platinum (PL) F,OF All months 8:20am-1:05pm 50 troy oz $0.10/oz=$5 none See Web site F: 1,301; OF: 2 |
| Aluminum (AL) F,OF All months 7:50am-1:15pm 44,000 lbs $0.0005/lb=$22 20¢ per lb ± previous settlement See Web site F: 106 |
| Palladium (PA) F All months 8:30am-1pm 100 troy oz $0.05/oz=$5 none See Web site 1,072 |
Nymex also lists various spread, swap and electricity-based contracts in addition to those shown here. Electronic hours are listed for contracts that trade exclusively electronically; floor hours are listed for contracts that trade primarily on the floor, many of which also trade varying hours electronically. Check with exchange for details.
ONECHICAGO
141 W. Jackson Blvd., Suite 2240, Chicago, IL 60604. (312) 424-8500. Fax: (312) 424-8529. E-mail:info@OneChicago.com. Web site: www.OneChicago.com Marty Doyle, president.
|
Contract Trading Contract Minimum Daily Initial Avg. daily ontract Type Months Hours Size Fluctuation limit margin volume |
| All single stock futures F all months 9:30am-4:00pm (EST) 100 shares $0.01/share=$1 none 20% cash value 17,472 |
| ETFs: Diamonds Trust (DIA1C) F all months 9:30am-4:15pm (EST) 100 shares $0.01/share=$1 none 20% cash value 47 |
| OneChicago Select Indexes F Mar,Jun,Sep,Dec 9:30am-4pm (EST) sum of component securities $0.01/share=$5 none 20% cash value 1 |
OneChicago lists more than 200 single stock futures with plans to add more single stocks futures, futures on narrow-based indexes and futures on xchange-traded funds throughout 2006.
PACIFIC EXCHANGE (PCX)
115 Sansome St., San Francisco, CA 94104. (415) 393-4000. Fax: (415) 393-5964. E-mail: info@pacificex.com. Website: www.pacificex.com The PCX trades stocks, bonds and options on more than 1,100 individual equities. Contact the exchange for contract specifications and details.
PHILADELPHIA STOCK EXCHANGE (PHLX)
1900 Market St., Philadelphia, PA 19103. (800) THE-PHLX. Fax: (215) 496-5460. E-mail: info@phlx.com. Web site:www.phlx.com
|
Contract Trading Contract Minimum Daily Initial Avg. daily ontract Type Months Hours Size Fluctuation limit margin volume |
| Oil Service Sector (OSX) O Mar,Jun,Sep,Dec 9:30am-4:02pm $100 x index $5.00 N/A * 6502 |
| Gold & Silver Sector (XAU) O Mar,Jun,Sep,Dec 9:30am-4:02pm $100 x index $5.00 N/A * 5451 |
| Semiconductor Sector (SOX) O Mar,Jun,Sep,Dec 9:30am-4:02pm $100 x index $5.00 N/A * 4088 |
| Utility Sector (UTY) O Mar,Jun,Sep,Dec 9:30am-4:02pm $100 x index $5.00 N/A * 219 |
| The Street.com Internet Sector (DOT) O Mar,Jun,Sep,Dec 9:30am-4:02pm $100 x index $5.00 N/A * 5 |
| Housing Sector (HGX) O Mar,Jun,Sep,Dec 9:30am-4:02pm $100 x index $5.00 N/A * 492 |
| Drug Sector (RXS) O Mar,Jun,Sep,Dec 9:30am-4:02pm $100 x index $5.00 N/A * 12 |
| Defense Sector (DFX) O Mar,Jun,Sep,Dec 9:30am-4:02pm $100 x index $5.00 N/A * 10 |
The PHLX also trades options on currencies and more than 2,000 individual equities. * Uncovered writers must deposit 100% of the option proceeds plus 20% of the aggregate (nominal) contract value minus the amount by which the option is out-of-the-money, if any. Minimum margin is 100% of the option proceeds plus 10% of the aggregate contract value. Long puts or calls must be paid for in full.
PHILADELPHIA BOARD OF TRADE (PBOT)
1900 Market St., Philadelphia, PA 19103. (800) THE-PHLX. Fax: (215) 496-5460. E-mail: info@phlx.com. Web site:www.phlx.com/pbot/index.html The Philadelphia Board of Trade (PBOT), PHLX's futures exchange subsidiary, has begun trading enhanced foreign exchange (FX) futures, with new rules and a low-cost fee structure, initially focusing on G7 currencies.
NON-U.S. EXCHANGES
AUSTRALIA
AUSTRALIAN STOCK EXCHANGE (ASX)
Exchange Centre, 20 Bridge St., Sydney NSW 2000. 1300 300 279. Web: www.asx.com.au.
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| S&P/ASX index F,OF N/A N/A N/A N/A F: 425; OF: 4,249 |
| All options on equities F,O N/A N/A N/A N/A F: 1,638; O: 80,207 |
SYDNEY FUTURES EXCHANGE (SFE)
30-32 Grosvenor St., Sydney, NSW 2000, Australia. (61) 2-9256-0555; Fax (61) 2-9256-0666; Web: www.sfe.com.au;E-mail: webmaster@sfe.com.au.
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| SPI 200 F,OF Mar,Jun,Sep,Dec 5:10-8:00; 9:30-4:30 A$25 x index 1pt=A$25 F: 20,006; OF: 2,556 |
| 90-day Bank bills F,OF Mar,Jun,Sep,Dec 5:10-8:00; 8:30-4:30 A$1,000,000 1pt=A$24 F: 58,486; OF: 891 |
| 3-yr Treasury bonds F,OF Mar,Jun,Sep,Dec 5:10-8:00; 8:30-4:30 A$100,000 1pt=A$28 F: 92,942; OF: 1,620 |
| 10-yr Treasury bonds F,OF Mar,Jun,Sep,Dec 5:10-8:00; 8:30-4:30 A$100,000 1pt=A$40 F: 38,799; OF: 150 |
The SFE also lists electricity and agricultural futures and options.
AUSTRIA WIENER BORSE (WB)
Strauchgasse 1-3, A-1014 Vienna, Austria. (43) 1-531-650; Fax (43) 1-531-9740. E-mail: info@wbag.at. Web:www.wbag.at. Individual equity O All months 10:00-3:00 50 shares Varies 3,017The WB also trades futures and options on the ATX index.
BELGIUM EURONEXT BRUSSELS
Stock Exchange, 1000 Brussels, Belgium. (02) 509-12-11; Fax: (02) 509-12-12. E-mail: info@euronext.be. Web:www.stockexchange.be/enindex.htm
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Bel 20 F,OF All months 9:30-5:00 €20 x index 0.10 =€2 F: 2,239; OF: 456 |
| Individual equities O Mar,Jun,Sep,Dec 9:30-5:00 20-100 shares €0.2-€1 OF: 1,399 |
BRAZIL
BOLSA DE MERCADORIAS & FUTUROS (BM&F)
The Commodities & Futures Exchange, Praca Antonio Prado, 48, Sao paulo, SP, Brazil 01010-901. (55) 11-3119-2000;Fax: (55) 11-3242-7565. E-mail: bmf@bmf.com.br. Web: www.bmf.com.br.
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Arabica coffee F,OF Mar,May,Jul,Sep,Dec 11:00-4:45 100 60-kg. bags $0.05 F: 1,680; OF: 87 |
| Bovespa F,OF Feb,Apr,Jun,Aug,Oct,Dec 11:30-1:30; 2:30-6:00 R$3 x index 5 pt=R$15 F: 22,169; OF: 30 |
| Mini Bovespa F Even-numbered months 11:30-1:30; 2:30-6:00 R$0.30 x index 5 pt 1,732 |
| Interest rate F,OF All months 10:00-1:00; 2:30-4:30 R$100,000 R$0.10 F: 403,571; OF: 4,812 |
| IDxUS dollar spread (FRA) F All months 10:00-1:00; 2:30-4:30 $50,000 0.01 pt/rate=0.01% 2,890 |
| US dollar F,O,OF All months 10:00-1:00; 2:30-4:30 $50,000 R$0.001/$1,000=R$0.05 F: 116,098; OF: 21,439 |
| Gold F,O,OF All months 10:30-4:45 250 grams R$0.001/gram=R$0.25 F: 10; OF: 178 |
The BM&F also trades fewer than 500 contracts a day in crystal sugar, cotton, corn, soybeans, alcohol, C-Bonds, Ei-Bonds, the euro and various interest rate swaps. Contact the exchange for details.
BOVESPA
Rua XV de Novembro, 275, 01013-001, São Paulo, SP. P.O. Box: 3456. (5511) 3233-2000. Fax: (5511) 3242-3550.E-mail: bovespa@bovespa.com.br
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Ibovespa Index Options F N/A 11-5:45 N/A N/A 9,221 |
| Individual equities O N/A 11-5:45 N/A N/A 988,189 |
CANADA
BOURSE DE MONTREAL
Tour de la Bourse, P.O. Box 61, 800, Victoria Square, Montreal, Quebec H4Z 1A9. (514) 871-2424; Fax: (514) 871-3514. E-mail: info@m-x.ca; Web: www.m-x.ca.
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Bankers acceptance (3-mo.) F,OF Mar,Jun,Sep,Dec + 2 serials 6:00-7:45; 8:00-3:00; settlement-4:00 C$1,000,000 0.005 = C$12.50 F: 41,100; OF: 1,437 |
| 2-yr Canadian Government bond F Mar,Jun, Sep,Dec 6:00-8:05; 8:20-3:00; settlement-4:00 C$100,000 0.005 = C$5 16,064 |
| 10-yr. Canadian government bond F Mar,Jun,Sep,Dec 6:00-8:05; 8:20-3:00; settlement-4:00 C$100,000 0.01 = C$10 7,816 |
The Montréal Exchange also trades options on equities, on currencies and on ETFs as well as futures on gold, banking, energy and information technology stock indexes.
WINNIPEG COMMODITY EXCHANGE (WCE)
400 Commodity Exchange Tower, 360 Main St., Winnipeg, Manitoba R3C 3Z4 Canada. (204) 925-5000; Fax: (204)943-5448. Web: www.wce.ca; E-mail: wce@wce.ca.
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Canola F,OF Jan,Mar,May,Jul,Sep,Nov 9:30-1:15 20 metric tonnes C10¢/tonne F: 5,804; OF: 75 |
| Western barley F,OF Mar,May,Jul,Oct,Dec 9:30-1:15 20 metric tonnes C10¢/tonne F: 531; OF: 3 |
The WCE also lists futures and options on wheat, flax seed, canola meal and field peas.
CHINA
DALIAN COMMODITY EXCHANGE (DCE)
No. 18 Huizhan Rd., Dalian, China, 116023. 086-411-84808888. Fax: 086-411-848085888. E-mail: dce@dce.com.cn.Web: www.dce.com.cn.
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Corn F Jan,Mar,May,Jul,Sep,Nov 9-11:30; 1:30-3 10MT 4% of last settlement price 68,231 |
| No. 1 soybeans F Jan,Mar,May,Jul,Sep,Nov 9-11:30; 1:30-3 10MT 3% of last settlement price 147,354 |
| Soy meal F Jan,Mar,May,Aug,Sep,Nov 9-11:30; 1:30-3 10MT 3% of last settlement price 118,052 |
HONG KONG EXCHANGES & CLEARING
12/F One International Finance Centre, 1 Harbour View Street, Central, Hong Kong. (852) 2522 1122; Fax: (852)2295 3106. E-mail: info@hkex.com.hk; Web: www.hkex.com.hk
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Hang Seng F,OF Spot, next, next 2 qrtrly 9:45-12:30; 2:30-4:15 HK$50 x index 1 pt. = HK$50 F: 34,411; OF: 10,612 |
| Mini Hang Seng F Spot, next, next 2 qrtrly 9:45-12:30; 2:30-4:15 HK$10 x index 1 pt. = HK$10 5,088 |
| Individual equities F,O Spot, next, next 2 qrtrly 10:00-12:30; 2:30-4:00 varies varies F: 44 |
SHANGHAI FUTURES EXCHANGE (SHFE)
500 PuDian Rd., Shanghai. 6484-0000; Fax: 6840-1198. E-mail: info@shfe.com.cn. Web: www.shfe.com
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Copper F All months 9am-11:30am;1:30pm-3pm 5 tons/lot 10 yuan/ton 49,519 |
| Aluminum F All months 9am-11:30am;1:30pm-3pm 5 tons/lot 10 yuan/ton 5,676 |
| Rubber F All months but Dec 9am-11:30am;1:30pm-3pm 5 tons/lot 5 yuan/ton 27,182 |
TAIWAN FUTURES EXCHANGE
100 Roosevelt Rd., Sec. 2, 14th. Floor, Taipei, 100, Taiwan, R.O.C. (02) 2369-5678; Fax: (02) 2365-1010. Web:www.taifex.com.tw; E-mail: service@taifex.com.tw
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| TAIFEX Futures (TX) F,OF Spot, next, next 3 qrtrly 8:45am-1:45pm NT$200 x Index NT$200 F: 24,502; OF: 263,828 |
| Mini TAIEX Futures (MTX) F Spot, next, next 3 qrtrly 8:45am-1:45pm NT$50 x Index NT$50 3,930 |
| Electronic Sector Index (TE) F Spot, next, next 3 qrtrly 8:45am-1:45pm NT$4,000 x Index NT$200 4,036 |
DENMARK THE FUTOP MARKET
Nikolaj Plads 6, P.O. Box 1040, DK-1007 Copenhagen K, Denmark. (45) 33-93-3366; Fax: (45) 33-12-8613. E-mail:cse@xcse.dk. Web site: www.cse.dk
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| KFX F,OF All months 9:00-5:00 DKK10,000 0.05=DKK5 F: 2,221; OF: 36 |
The Futop Market also lists options on individual equities.
FINLAND HELSINKI EXCHANGES
Fabianinkatu 14, P.O. Box 361, FIN-00131, Helsinki. (358) 9-616671; Fax: (358) 9-6166-7368. Web:www.omhex.com
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| STOX F Mar,Jun,Sep,Dec 10:00-7:30 €10 x index 1 pt=€10 1,202 |
| Individual equities O Mar,Jun,Sep,Dec 10:00-7:30 100 shares €0.2-€100 1,202 |
FRANCE EURONEXT PARIS
39, rue Cambon, 75039 Paris Cedex 01, France. (33) 1-49-27-1000; Fax: (33) 1-49-27-1453. Web sites: www.matif.fr,www.monep.fr; E-mail: monep@euronext.com
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Rapeseed F,OF Aug,Nov,Feb,May 10:45-1:00; 3:00-6:30 50 metric tons 0.5=€12.50 F: 768; OF: 27 |
| Cac 40 (€10) O Mar,Jun,Sep,Dec 8:00-5:30 €10 x index 0.5=€5 F: 87,987; OF: 6,612 |
| Individual equities O Mar,Jun,Sep,Dec 9:10-5:30 10 shares 0.01-0.1 OF: 724,209 |
Euronext Paris also trades contracts in the Euro Notional bond, the Euribor, wheat, corn, sunflower seeds, wine and other DJ Stoxx sector index futures.
GERMANY EUREX (FRANKFURT)
D-60485 Frankfurt/Main, Germany. (49) 69-2101-1510; Fax: (49) 69-2101-1511. E-mail: info@eurexchange.com.Web: www.eurexchange.com Rudolf Ferscha, CEO.
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Dax (FDAX) F,OF Mar,Jun,Sep,Dec 8:50-8:00 €25 x index 0.5 pt=€12.50 F: 115,099; OF: 197,073 |
| Nemax 50 (FN50) F,OF Mar,Jun,Sep,Dec 8:50-8:00 €1 x index 1 pt=€1 F: 916 |
| DJ Euro Stoxx 50 (FESX) F,OF Mar,Jun,Sep,Dec 9:00-8:00 €10 x index 1 pt=€10 F: 495,915; OF: 322,399 |
| DJ Euro Stoxx Banks (FESB) F,OF Mar,Jun,Sep,Dec 9:00-5:30 €50 x index 0.1 pt=€5 F: 872 |
| DJ Euro Stoxx Telecom (FEST) F,OF Mar,Jun,Sep,Dec 9:00-5:30 €50 x index 0.1 pt=€5 F: 763 |
| DJ Euro Stoxx Technology (FESY) F,OF Mar,Jun,Sep,Dec 9:00-5:30 €50 x index 0.1 pt=€5 F: 597 |
| DJ Stoxx 50 (FSTX) F,OF Mar,Jun,Sep,Dec 9:00-5:30 €10 x index 1 pt=€10 F: 2,854; OF: 65 |
| Euro Bund F,OF Mar,Jun,Sep,Dec 8:00-7:00 €100,000 0.01%=€10 F: 1,097,476; OF: 148,080 |
| Euro Bobl F,OF Mar,Jun,Sep,Dec 8:00-7:00 €100,000 0.01%=€10 F: 559,705; OF: 26,921 |
| Euro Schatz F,OF Mar,Jun,Sep,Dec 8:00-7:00 €100,000 0.01%=€10 F: 489,483; OF: 34,573 |
| 3-mo. Euribor (FEU3) F Mar,Jun,Sep,Dec 8:30-7:00 €1,000,000 0.005%=€12.50 2,226 |
| Dutch equities O Jan,Apr,Jul,Oct, next 3 9:00-5:30 100 shares €0.01 49,325 |
| German equities O Mar,Jun,Sep,Dec, next 3 9:00-8:00 100 shares €0.01 582,439 |
Eurex (Frankfurt) also lists contracts in additional broad-based, narrow and sector stock index futures and options.
GREECE
ATHENS EXCHANGE S.A. — DERIVATIVES MARKET (ADEX)
Aiolou 73, Athens, Greece 105 59. +30-210-3370910 / 9088; Fax: +30-210-331-5689. Web: www.adex.ase.gr E-mail:adexinfo@adex.ase.gr.
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| FTSE/ASE-20 Index Futures F,OF 3 closest and 3 consecutive 10:00am-5:00pm €5 0.25 N/A |
HUNGARY BUDAPEST COMMODITY EXCHANGE (BCE)
H-1139, P.O. Box 1373, H-1134 Budapest, Vaci utal PF: 495. (36) 1-450-0806; Fax: (36) 1-450-0859. E-mail:bce@bce.hu. Web: www.bce.hu
|
Contract Type Contract months Trading hours* Size Minimum fluctuation Average daily volume |
| Euro F,O Mar,Jun,Sep,Dec 10:30-12:00 €1000 HUF0.01/€1 F: 664; O: 439 |
| US dollar F,O Mar,Jun,Sep,Dec 10:30-12:00 $1,000 HUF0.01/$1 F: 413; O: 52 |
| Japanese Yen F Mar,Jun,Sep,Dec 10:30-12:00 $1,000 HUF0.01/$1 37 |
The BCE also trades fewer than 500 contracts a day in futures on corn, feed wheat, feed barley, wheat, soybeans, ammonium nitrate and other currency crossrates. *Contracts also trade additional electronic hours.
BUDAPEST STOCK EXCHANGE (BSE)
Budapest H-1052, Deák Ferenc u. 5. (36) 1-429-6857; Fax: (36) 1-429-6899. E-mail: info@bse.hu. Web: www.bse.hu.Zsolt Horvath, general manager.
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Individual equities F Mar,Jun,Sep,Dec 10:05-4:30 HUF100,000 HUF5=HUF500 2,725 |
INDIA
NATIONAL STOCK EXCHANGE OF INDIA (NSE)
Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051. (022) 2659-8100 /8114; Fax: (022) 2659-8120. E-mail: cc_nse@nse.co.in. Web: www.nse-india.com
|
Contract Type Contract months Size Minimum fluctuation Average daily volume |
| S&P CNX Nifty F,OF 3 nearest 200 Re.0.05 F: 136,544; OF: 28,519 |
| Individual equities F,O 3 nearest 100 Re.0.05 F: 231,242 |
ISRAELTEL-AVIV STOCK EXCHANGE
54 Ahad Haam St., Tel Aviv, 65202, Israel. (972) 3-567-7411; Fax: (972) 3-510-5379/566-1822. Web:www.tase.co.il
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| TA-25 index F,OF 2, 4 and 6 mos. out 9:30-4:45 100 x index 0.01=1 shekel F: 35; OF: 220,944 |
| Shekel/dollar rate F,OF 2, 4 and 6 mos. out 9:30-4:45 10,000 x rate 0.01=1 shekel F: 1; OF: 2,368 |
| The Tel-Aviv Stock Exchange also lists options on the TA-Banks index and shekel/euro rate options. |
ITALY
ITALIAN DERIVATIVES MARKET (IDEM)
Piazza degli Affari, 6, 20123 Milano, Ms. Fiorella Canneta. (39) 02-72-42-61; Fax: (39) 02-72004333. E-mail:info@borsaitalia.it. Web: www.borsaitalia.it
|
Contract Type Contract months Trading hours* Size Minimum fluctuation Average daily volume |
| MIB 30 F,OF Mar,Jun,Sep,Dec 9:30-5:30 €5 x index 5 pt=€25 F: 12,988; OF: 9,222 |
| Mini FIB 30 F Mar,Jun,Sep,Dec 9:15-5:40 €1 x index 5 pt=€5 4,548 |
| Individual equities F,O Mar,Jun,Sep,Dec 9:30-5:00 1,000/5,000/10,000 shares ITL 1 F: 16,829 |
| Idem also lists futures on Midex. |
JAPAN
CENTRAL JAPAN COMMODITY EXCHANGE
3-2-15, Nishiki, Naka-ku, Nagoya 460-0003, Japan. 81-52-951-2171; Fax: 81-52-961-6407. E-mail: info@c-com.or.jp.Web: www.c-com.or.jp
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Gasoline F 6 Consecutive months 9,10,11,13,14,15:30 20 kl ¥10/1 kl 51,123 |
| Kerosene F 6 Consecutive months 9,10,11,13,14,15:30 20 kl ¥10/1 kl 41,126 |
FUKUOKA FUTURES EXCHANGE
1-8-36 Hakataeki-Minami, Hakata-ku, Fukuoka, Japan 812-0016. (81) 92-436-9001; Fax: (81) 92-436-9009. E-mail:murakami@ffe.or.jp; Web: www.ffe.or.jp/english
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Corn F Even numbered 6 months 9,10,11,1,2,3 50,000 kg ¥10 /1,000 kg 3,201 |
KANSAI COMMODITIES EXCHANGE (KANEX)
1-10-14, Awaza, Nishi-ku, Osaka, Japan. 81-6-6531-7931. Fax: 81-6-6541-9343. Web: www.kanex.or.jp. E-mail: kex-1@kanex.or.jp
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Non-GMO soybeans F Feb,Apr,Jun,Aug,Oct,Dec 9:00,10:00,11:00,1:00,2:00,3:00 10,000 kg ¥10 152 |
| Frozen shrimp F 6 Consecutive months 10:00,11:00.2:00,3:00 108 kg ¥1 2207 |
| Corn 75 index F Jan,Mar,May,Jul,Sep,Nov 9:00,10:00,11:00,1:00,2:00,3:00 ¥10,000/1 pt 0.1 pt 401 |
| Coffee index F Jan,Mar,May,Jul,Sep,Nov 9:00,10:00,11:00,1:00,2:00,3:00 ¥500/1 pt 1 pt 1152 |
OSAKA SECURITIES EXCHANGE
6-10, Kitahama 1-chome, Chuo-ku, Osaka 541-0041, Japan. (81) 6-4706-0870. Web: www.ose.or.jp
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Nikkei 225 F,OF Mar,Jun,Sep,Dec 9-11;12:30-3:10 ¥1,000 x index 10pt=¥10,000 F: 55,842; OF: 73,379 |
| Nikkei 300 F,OF Mar,Jun,Sep,Dec 9-11;12:30-3:15 ¥10,000 x index 0.1pt=¥1,000 F: 477; OF: 2 |
OSAKA MERCANTILE EXCHANGE
5-28, Kyutaro-machi 2-chome, Chuo-ku, Osaka 541-0056, Japan. (81) 66-244-2191; Fax: (81) 66-244-2194. Web:www.osamex.com/index_e.html
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Rubber (RSS3) F Next 6 months After TSR20 5,000 kg ¥0.1/kg 2769 |
| Rubber (TSR20) F Jan,Mar,May,Jul,Sep,Nov 9:40-10:40; 1:40, 2:40, 3:40 10,000 kg ¥0.1/kg 2780 |
| Rubber index F Next 6 months 9:20, 10:20;1:20, 2:20, 3:20 20,000 x index 0.01 = ¥200 2428 |
| Aluminum F Jan,Mar,May,Jul,Sep,Nov 10, 11, 2, 3, 5:15 5,000 kg. ¥0.1/kg=¥500 4182 |
| Nickel F Jun, Mar, May, Jul, Sep, Nov 9:10, 10:10, 1:10 2:10, 3:10 1,000 kg ¥.11 kg 1006 |
TOKYO COMMODITY EXCHANGE (TCE)
10-7 Nihonbashi Horidomecho 1-Chome, Chuo-ku, Tokyo 103-0012, Japan. Web: www.tocom.or.jp (81) 3-3661-9191; Fax: (81) 3-3661-7568.
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Gold F Even months 9:00-11:00; 12:30-3:30 1 kg. ¥1/gram 49,714 |
| Silver F Next 6 months 9:00-11:00; 12:30-3:30 60 kg. ¥0.1/10 grams 2,636 |
| Platinum F Next 6 months 9:00-11:00; 12:30-3:30 500 grams ¥1/gram 26,281 |
| Palladium F All months 9:00-11:00; 12:30-3:30 500g ¥1/gram 754 |
| Aluminum F Next 6 months 9:00-11:00; 12:30-3:30 10 tons ¥0.1/kg. 743 |
| Gasoline F Next 6 months 9:00-11:00; 12:30-3:30 100 kl ¥10/kl. 62,295 |
| Kerosene F Next 6 months 9:00-11:00; 12:30-3:30 100 kl ¥10/kl. 26,968 |
| Crude oil F Next 6 months 9:00-11:00; 12:30-3:30 100 kl ¥10/kl. 7,344 |
| Gas Oil F Dec,Jan,Feb,Mar 9-11;12:30-3:30 100kl ¥10/ 1kl 30 |
| Rubber F Next 6 months 9:45; 10:45; 1:45; 2:45; 3:30 5,000 kg. ¥0.10/kg. 24,000 |
TOKYO GRAIN EXCHANGE (TGE)
1-12-5 Nihonbashi Kakigara-cho Chuo-ku, Tokyo 103-0014, Japan. (81) 3-3668-9321; Fax: (81) 3-3661-4496. Web:www.tge.or.jp; E-mail: a8hzdb12@tge.or.jp
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Soybeans F,OF Feb,Apr,Jun,Aug,Oct,Dec 10,11,1,2 30,000 kg ¥10/1,000 kg F: 7,685; OF: 60 |
| Non-GMO soybeans F Feb,Apr,Jun,Aug,Oct,Dec 10,11,1,2 10,000 kg ¥10/1,000 kg 39,541 |
| Arabic coffee F Jan,Mar,May,Jul,Sep,Nov 9:30,10:30,1:30,2:30 50 bags (3,450 kg.)/250 bags (17,250 kg.) ¥10/1 bag (69 kg) 23,182 |
| Red beans F Next 6 months 9,10,11,1,2,3 80 bags (2,400 kg.) ¥10/1 bag (30 kg) 2,228 |
| Corn F,OF Jan,Mar,May,Jul,Sep,Nov 9,11,1,3 100,000 kg ¥10/1,000 kg F: 19,483 |
| Robusta coffee F Jan,Mar,May,Jul,Sep,Nov 9:30,10:30,1:30,2:30 5,000 kg./15,000 kg ¥10/100 kg 2,735 |
| Raw sugar F,OF Jan,Mar,May,Jul,Sep,Nov 9,10,1,2,3 50,000 kg ¥10/1,000 kg F: 1,147; OF: 11 |
TOKYO INTERNATIONAL FINANCIAL FUTURES EXCHANGE (TIFFE)
Ichiban-cho Tokyu Building, 21 Ichiban-cho, Chiyoda-ku, Tokyo 102-0082, Japan. (81) 3-3514-2400; Fax: (81) 3-3514-2425. Web: www.tiffe.or.jp
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| 3-mo. Euroyen F Mar,Jun,Sep,Dec 9-11:30,12:30-3:30, 3:40-6 ¥100 million 0.005=¥1,250 35,130 |
TOKYO STOCK EXCHANGE
2-1 Nihombashi-Kabuto-Cho, Chuo-ku, Tokyo 103-8220, Japan. (81) 3-3666-0141; Fax: (81) 3-3662-0547; E-mail:international@tse.or.jp; Web: www.tse.or.jp
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| 10-yr Government bond F,OF F: Mar,Jun,Sep,Dec 9-11,12:30-3 ¥100 million 0.01pt=¥10,000 F: 32,994; OF: 5,438 |
| Topix F,OF Mar,Jun,Sep,Dec 9-11,12:30-3 ¥10,000 x index 0.5 pt.=¥5,000 F: 40,829; OF: 67 |
YOKOHAMA COMMODITY EXCHANGE
Silk Centre, 1 Yamashita-cho, Naka-ku, Yokohama-shi, Kanagawa 231-0023, Japan. (81) 45-641-1341; Fax: (81) 45-641-1346. Web: www.y-com.or.jp
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Raw silk F Next 6 months 9:10-11:00; 1:10-3:00 150 kg ¥1/1kg 441 |
| Potato F Next 6 months 9:30-11:20; 1:20-3:20 2,500 kg ¥1/10kg 446 |
KOREA KOREA EXCHANGE (KRX)
33, Yoido-dong, Youngdungpo-Ku, Seoul 150-977, Korea. (82) 2-3774-9000; Fax: (82) 2-3774-9138. Web:www.krx.co.kr
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Treasury bonds F,OF Mar,Jun,Sep,Dec N/A KRW100 million 0.01=KRW12,500 F: 40,621 |
| US dollar F,OF Mar,Jun,Sep,Dec N/A $50,000 0.1=KRW5,000 F: 9,345 |
| Kosdaq 50 Index F,OF Mar,Jun,Sep,Dec N/A $50,000 0.1=KRW5,000 F: 164 |
| Kospi 200 F,O Mar,Jun,Sep,Dec N/A KRW100,000 x index 0.05 pt F: 153,681 |
The KRX also lists options on individual equities. KRX was formerly Kofex.
MALAYSIA MALAYSIA DERIVATIVES EXCHANGE (MDEX)
10th Floor, Exchange Square, Bukit Kewangan, 50200, Kuala Lumpur, Malaysia. (603) 207-08-199; Fax: (603) 207-62-376. Web: www.mdex.com.my
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Crude palm oil F All mont hs 10:30-12:30,3-6 p.m. 25 metric tons RM1/ton = RM25 4,985 |
| KLSE Composite F Mar,Jun,Sep,Dec 8:45-12:45, 2:30-5:15 RM100 x index 0.1=RM10 847 |
| 3-mo. KLIBOR F Mar,Jun,Sep,Dec 9-12:30;2: 30-5 RM 1,000,000 0.01 % or 1 tick 474 |
| 5-yr. Malaysian gov’t securities F Mar,Jun,Sep,Dec 8:45-12:45, 2:30-5:15 RM100 x index 0.1=RM10 519 |
The MDEX also lists futures on the Klibor and 5-year Malaysian government securities.
MEXICO MEXICAN DERIVATIVES EXCHANGE (MEXDER)
Paseo de la Reforma 225, Piso de Remates, Col. Cuauhtemoc, Mexico D.F. 06500. (52) 5-726-6600. Web: www.mexder.com.mx E-mail: cinforma@mexder.com.mx
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| IPC Stock Index F Mar,Jun,Sep,Dec 7:30am-3pm 10 pezos 1 pt=10 pesos 1,206 |
| CETE 91 F All months 7:30am-3pm $100,000 0.01 base pts 16,914 |
| TIIE 28 F All months 7:30am-3pm 100,000 pesos 0.01 base pts 1,102 |
THE NETHERLANDS EURONEXT AMSTERDAM
P.O. Box 19163, 1000 GD Amsterdam. (31) 20-550-4512; Fax: (31) 20-550-4912. Web: www.aex.nl George Moller,president.
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| AEX F, OF All months 9:00-5:25 €200 x index 0.05=€10 F: 25,667; OF: 67,740 |
Euronext Amsterdam also lists contracts in live hogs, piglets, eggs, potatoes, the euro/dollar and other stock indexes.
NEW ZEALAND NEW ZEALAND FUTURES EXCHANGE (NZFE)
P.O. Box 6734, Auckland 1036, Level 12, Telstra Business Centre, 191 Queen St. Auckland, New Zealand. (64) 9-309-8308; Fax: (64) 9-309-8817.
|
Contract Type Contract months Trading hours* Size Minimum fluctuation Average daily volume |
| 90-day bank bill F,OF Mar,Jun,Sep,Dec 7:10-7:00, 8:00-12:00, 1:00-4:30 NZ$500,000 0.01% per F: 3,157; OF: 14 |
The NZFE also lists contracts in 3- and 10-year government stock, electricity and options on individual equities.
PORTUGAL EURONEXT LISBON
Praca Duque de Saldanha, n°1-5°A, 1050-094, Lisboa. (35) 121-790-0000; Fax: (35) 121-795-2022. E-mail: marketing.lisbon@euronext.com. Web: www.bvlp.pt/bvlp/homepage_en.html Manuel Alves Monteiro, president.
|
Contract Type Contract months Trading hours* Size Minimum fluctuation Average daily volume |
| PSI 20 F Mar,Jun,Sep,Dec 9:30-4:30 €1 x index €1 212 |
SINGAPORE SGX-DX
2 Shenton Way, SGX Centre 1, 24-00, Singapore 068804. (65) 6236-5931; Fax: (65) 6534-1415. Web: www.sgx.com
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Eurodollar F Mar,Jun,Sep,Dec 7:43-7:05 $1 million 0.0025 = $6.25 403 |
| Nikkei 225 F,OF Mar,Jun,Sep,Dec 7:55-10:15,11:15-2:25 ¥500 x index 5 pt. = ¥2,500 F: 37,345; OF: 475 |
| MSCI Singapore index F Mar,Jun,Sep,Dec 8:45-12:30 SGD200 x index 0.1 pt. = $20 6,180 |
| MSCI Taiwan index F,OF Mar,Jun,Sep,Dec 8:45-12:15 ¥100 x index 0.1 pt. = $10 F: 27,764; OF: 6 |
| Euroyen Tibor F,OF Mar,Jun,Sep,Dec 7:43-7:05 p.m. ¥100 million 0.005 pt. = ¥1,250 F: 9,543; |
| Euroyen Libor F Mar,Jun,Sep,Dec 7:43-7:05 p.m. ¥100 million 0.005 pt. = ¥1,250 41 |
The SGX-DX also trades futures on additional stock indexes as well as futures on Singapore and Japanese government bonds.
SOUTH AFRICA SOUTH AFRICAN FUTURES EXCHANGE (SAFEX) Private Bag X991174 Sandton 2146. (011) 520-7000; Fax: (011) 520-7458. Web: www.safex.co.za
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| White maize F,OF All months 9:00-12:00 100 metric tons 20¢/ton F: 2,928; OF: 1,170 |
| Yellow maize F,OF All months 9:00-12:00 100 metric tons 20¢/ton F: 760; OF: 48 |
Safex also trades futures and options on individual equities.
SPAIN MEFF
Torre picaso, Planta 26, 28020 Madrid, Spain. (34) 91-585-0800; Fax: (34) 91-571-9542. Web: www.meff.com
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Ibex 35 F,OF All months 9:00-5:35 €10 x index 1 pt=€10 F: 12,486; OF: 10,814 |
| Mini Ibex 35 F,OF All months 9:00-5:35 €1 x index 1 pt=€1 F: 3,979; OF: <1 |
| Individual equities F,O Mar,Jun,Sep,Dec 9:00-5:35 100 shares €0.01 F: 43,187; O: 43,696 |
SWEDENOM STOCKHOLM
Norrlandsgatan 31 SE-105 78 Stockholm, Sweden. (46) 8-405-6000; Fax: (46) 8-405-6001; Web: www.omgroup.com
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Interest rate F,OF Mar,Jun,Sep,Dec 9:30-5:30 SEK1 million 0.01 pt=SEK25 F: 24,498; OF: <1 |
| OMX F,OF All months 9:30-5:30 SEK100 x index SEK0.01 F: 51,129; OF: 21,146 |
| Individual equities F,O All months 9:30-5:30 100 shares SEK0.01 F: 4,866; O: 150,245 |
SWITZERLAND EUREX (ZURICH)
Selnaustrasse 30, Postfach, CH-8021 Zurich, Switzerland. (41) 1-229-2942; Fax: (41) 1-229-2466. E-mail: info.switzerland@eurexchange.com. Web: www.eurexchange.com
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Swiss Market Index (FSMI) F,O Mar,Jun,Sep,Dec 8:25-5:20 CHF10 x index 1 pt=CHF10 F: 33,562; O: 14,961 |
| Swiss Government bond F Mar,Jun,Sep,Dec 8:30-5:00 CHF100,000 0.01%=CHF10 1055 |
| Individual equities (SMI) O Mar,Jun,Sep,Dec, next 3 9:00-8:00 100 shares €0.01 172173 |
| DAX F,O Mar,Jun,Sep,Dec 8:50-8:00 €25 0.5=€12.50 149290 |
| NEMAX 50 F,O Mar,Jun,Sep,Dec 8:50-8:00 1 x index €1 F: 3,275; O: 210 |
| TecDax F,O Mar,Jun,Sep,Dec 8:00-7:00 €10 1=€10 F: 477; O: 32 |
| Euro-Bond F Mar,Jun,Sep,Dec 8:00-7:00 €100,000 €10 917604 |
| Euro-BOBL F Mar,Jun,Sep,Dec 8:00-7:00 €100,000 €10 555374 |
| 3-mo. Euribor F Mar,Jun,Sep,Dec 8:30-7:00 €100,000 0.005=€12.50 1846 |
UNITED KINGDOM EURONEXT LIFFE
Cannon Bridge, 1 Cousin Ln., London EC4R-3XX. (44) 020-7623-0444; Fax: (44) 020-7588-3624. Web:www.liffe.com Andre Villeneuve, chairman; Hugh Freedberg, chief executive.
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| 3-mo. Sterling F,OF Mar,Jun,Sep,Dec 7:30-6:00 £500,000 0.01=£12.50 F: 238,285; OF: 90,663 |
| 3-mo. Euroswiss F,OF Mar,Jun,Sep,Dec 7:30-6:00 CHF1,000,000 0.01=CHF25 F: 28,907 |
| 3-mo. Euribor F,OF Mar,Jun,Sep,Dec 7:00-6:00 €1,000,000 0.005=€12.50 F: 578,924; OF: 146,860 |
| Long gilt F Mar,Jun,Sep,Dec 8:00-6:00 £100,000 0.01=£10 62,084 |
| 2-yr. Euro Swapnote F,OF Mar,Jun,Sep,Dec 7:00-6:00 €100,000 0.005=€5 F: 896 |
| 5-yr. Euro Swapnote F,OF Mar,Jun,Sep,Dec 7:00-6:00 €100,000 0.01=€10 F: 1,368 |
| 10-yr. Euro Swapnote F,OF Mar,Jun,Sep,Dec 7:00-6:00 €100,000 0.01=€10 F: 1,910 |
| FTSE 100 F,OF Mar,Jun,Sep,Dec 8:00-5:30 £10 x index 0.5=£5 F: 76,407; OF: 53,925 |
| Cocoa #7 F,OF Mar,May,Jul,Sep,Dec 9:30-4:50 10 tonnes £1/ton=£10 F: 9,746; OF: 340 |
| Robusta coffee F,OF Jan,Mar,May,Jul,Sep,Nov 9:40-4:55 5 tonnes $1/ton=$5 F: 11,970; OF: 927 |
| White sugar F,OF Mar,May,Aug,Oct,Dec 9:45-5:30 50 tonnes $0.1/ton=$5 F: 5,381; OF: 309 |
| Individual equities F,O Mar,Jun,Sep,Dec varies 100-1,000 shares €0.01 F: 49,534 |
| FTSEEurofirst 80 Index F,OF Mar,May,Aug,Oct,Dec 9:45-4:30 50 tonnes $0.1/ton=$5 F: 1,924; OF: 1 |
| FTSEEurofirst 100 Index F,OF Mar,May,Aug,Oct,Dec 9:45-4:30 50 tonnes $0.1/ton=$5 F: 258; OF: 53,925 |
Euronext Liffe also trades contracts in additional short-term interest rates, FTSE indexes, the Japanese government bond, barley, potatoes, wheat and the Baltic Freight index.
ICE FUTURES (ICE)
International House, One St. Katharine’s Way, London E1W 1UY. (44) 020 7265 3678; Fax: (44) 020 7481 8485.E-mail: info@theice.com. Web: www.theice.com
|
Contract Type Contract months Trading hours Size Minimum fluctuation Average daily volume |
| Brent crude oil F,OF All months 10:02-8:13 1,000 bbl 1¢/bbl=$10 F: 106,130; OF: 199 |
| Gasoil F,OF All months 9:15-5:27 100 metric tons 25¢/ton=$25 F: 37,011; OF: 247 |
| Natural gas F All months 9:30-5:00 1,000 therms/day 0.1p/therm 2,609 |
ICE Futures also trades futures in electricity and daily, seasonal and quarterly natural gas contracts. The Intercontinental Exchange is the parent company of ICE Futures, which is the former International Petroleum Exchange (IPE).
LONDON METAL EXCHANGE (LME)
56 Leadenhall Street, London EC3A 2DX. +44 (0) 20 7264 5555; Fax: +44 (0) 20 7680 0505. E-mail: info@lme.co.uk;Web: www.lme.co.uk
|
Contract Type Contract months Trading hours* Size Minimum fluctuation Average daily volume |
| Aluminium F,OF All months 11:55-12:00; 12:55-1:00; 3:35-3:40; 4:15-4:20 25 metric tons 50¢/ton=$12.50 F: 103,386; OF: 12,129 |
| Aluminium alloy F,OF All months 11:40-11:45; 12:35-12:40; 3:10-3:15; 4:30-4:35 20 metric tons 50¢/ton=$10 F: 1,763; OF: 1,757 |
| Copper F,OF All months 12:00-12:05; 12:30-12:35; 3:30-3:35; 4:10-4:15 25 metric tons 50¢/ton=$12.50 F: 67,975; OF: 6,698 |
| Lead F All months 12:05-12:10; 12:45-12:50; 3:20-3:25; 4:00-4:05 25 metric tons 50¢/ton=$12.50 14,022 |
| Nickel F,OF All months 12:15-12:20; 1:00-1:05; 3:45-3:50; 4:25-4:30 6 metric tons $1/ton=$6 F: 12,023; OF: 55 |
| Zinc F,OF All months 12:10-12:15; 12:50-12:55 3:25-3:30; 4:05-4:10 25 metric tons 50¢/ton=$12.50 F: 37,047; OF: 3,308 |
| Tin F All months 11:50-11:55; 12:40-12:45; 3:40-3:45; 4:20-4:25 5 metric tons $1/ton=$5 3,256 |
The LME also lists contracts in silver and North American special aluminium alloy. * Each floor trading session consists of five minutes trading per metal, beginning at the time listed. In addition an open outcry kerb session trades from 1:15 to 1:30 and again from 15:00 to 16:35. Contracts also are trading 24 hours, interoffice by telephone. All orders are entered into the terminal network matching system.
Contract — The name of the instrument, usually refers to the underlying product of the futures or option.
Type — F: futures; OF: option on futures; O: option.
Contract months — The months in which the contracts settle based on the underlying. Often, the expiration month.
Trading hours — Local time for the exchange is listed.
Contract size — With indexes, the size represents monetaryvalue multiplied by the index.
Minimum fluctuation — The smallest possible price change.
Daily price limit — How far the contract can change inprice during any trading session before trading is halted.
Initial speculative margin — The cash that must be put upby a typical retail trader to initiate a position in one contract.These change frequently and are listed here only as a reference.Your broker can provide up-to-date information.
Average daily volume — Calculated from Futures IndustryAssociation data. For U.S. exchanges, data from January through October 2006 were used. Non-U.S. exchange figuresare calculated with data from January through September 2005.
