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ICE Futures Europe

FTSE 250 Index Future

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Description

The FTSE 250 Index Futures are cash settled upon expiration.

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

Market Specifications

Trading Screen Product Name
FTSE 250 - Stnd Index Future
Trading Screen Hub Name
ICEU
Contract Symbol
Y2
Contract Size
Contract Valued at £2 per index point (e.g. value £30,000 at 15,000)
Contract Series
Four quarterly months in the March, June, September, December quarterly cycle
Settlement Date
First business day after the Last Trading Day
Quotation
Index points (eg 15,000)
Tick Size
1.0 (£2) for the Central Limit Order Book,
0.5 (£1) for Block Trades
Last Trading Day
Third Friday in delivery month, Trading shall cease as soon as reasonably practicable after 10:15 (London time) once the Expiry Value of the Index has been determined.

Please refer to London Notice LON2693 for more information.

In the event of the third Friday not being a business day, the Last Trading Day shall normally be the last business day preceding the third Friday.
Exchange Delivery Settlement Price
The value of the FTSE 250 Index is calculated by FTSE International with reference to the outcome of the EDSP intra-day auction at the London Stock Exchange carried out on the Last Trading Day.
Off Exchange Trade Types
Block Trade
EFP
EFS
Block Trade Minimum
150
Final Settlement
Cash settlement based on the Exchange Delivery Settlement Price.
Markers
TIC (Trade at Index Close)
Algorithm
Price-time trading algorithm with priority given to the first order at the best price.
MIC Code
IFLL
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York3:00 AM - 5:00 PM
03:00 - 17:00
2:03 AM
02:03
London7:00 AM - 9:00 PM
07:00 - 21:00
6:03 AM
06:03
Singapore3:00 PM - 5:00 AM
15:00 - 05:00
2:03 PM
14:03

Singapore times: Trading begins at 2:00PM of local time and closes next day at 12:30AM of local time.

Codes

Clearing Admin Name
FTSE Fut UNRSTD
Physical
Y2
Logical
Y2
GMI (FC)
ION A.C.N.
Symbol Code
Y2