ICE Micro MSCI Index Futures
Calculated by MSCI, a leading provider of index solutions serving the world’s institutional investors, the MSCI USA and MSCI Europe Indices are designed to capture the full opportunity set in their respective regions
Key benefits
- Simple - Standardized futures contracts referencing the barometers for European and U.S. equities. Both contracts are denominated in USD and are available for trading on a single derivatives exchange
- Capital Efficient - Participants can gain exposure to a notional of ~ US$20,000 in the contracts with minimal upfront deposit (Initial Margin available on Margin Scanning)
- Liquid and Transparent - Tradable via a transparent orderbook where appointed market makers provide intraday liquidity during Asian trading hours
Contract Specifications
micro MSCI USA Index Futures |
micro MSCI Europe Index Futures |
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UNDERLYING INDEX / VARIANT / CURRENCY | MSCI USA (Price Return) Index (USD) | MSCI Europe (Price Return) Index (USD) |
INDEX TICKER | MXUS | M3EU |
CONTRACT SYMBOL | SMU | SME |
INDEX VALUE | 4,350 (as of August, 26th 2021) | 2,078 (as of August, 26th 2021) |
MINIMUM TICK INCREMENT (INDEX PTS) | 0.2 / US$1 | 0.1 / US$1 |
MULTIPLIER | $5 | $10 |
CONTRACT VALUE | ~$20,000 | |
DELIVERY MONTHS | 5 Quarterly expiries (March, June, September and December cycle) | |
MINIMUM BLOCK SIZE | 50 lots | |
LAST TRADING DAY |
Third Friday of the contract month. |
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FINAL SETTLEMENT | Cash settlement on the basis of a special calculation of the Index based on the opening prices of the component stocks on the Last Trading Day | |
TRADING HOURS |
Monday to Friday |
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EXCHANGE / CLEARING VENUE | ICE Futures Singapore / ICE Clear Singapore | |
OTHERS |
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Source: Intercontinental Exchange
This advertisement has not been reviewed by the Monetary Authority of Singapore.