Futures Exchanges

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.

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.

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.

CHICAGO CLIMATE EXCHANGE (CCX)

 

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.

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.

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.

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.

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.

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.

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.

Serving Intelligent Investors

Exit mobile version