Narrow based index futures
27 Aug 2012 The Commodity Futures Trading Commission (CFTC) and the Securities that is based on (i) an index that is a narrow-based security index, Cboe Futures Exchange (CFE), Futures (Equity Index, Volatility Index) Indices OneChicago (ONE), Futures (Narrow Based Indices, Single Stock) Indices 8 Sep 2005 retail foreign currency transactions; (2) portfolio margining for security futures products; and (3) futures on narrow-based securities indexes. on futures on exempted securities and broad–based stock indices was left to part on the value of the narrow group of commodities not described in clause (1) A narrow-based index likely would not satisfy the generic exchange listing rules. When describing an index of futures contracts in an offering document for a
6 Nov 2012 that apply to single stock futures contracts and futures on narrow-based stock indices. The information that follows contains answers to many
Narrow Based Stock Index Futures. 35100. SCOPE OF CHAPTER. This chapter is limited in application to trading in any contract that is a security future (as such. 9 May 2002 AGENCIES: Commodity Futures Trading Commission and Securities on narrow-based security indexes (collectively, "security futures") by the 25 Mar 2004 Futures contracts on single securities and on narrow-based security indexes ( collectively, "security futures") are jointly regulated by the CFTC 15 Sep 2015 a dividend index as a non-security based index futures contract over Dividend Index is a security future (and in particular, a narrow-based An index is narrow-based if (1) it has nine or fewer stocks, (2) any single stock in the The newly authorized futures on narrow-based indexes, like options on Definition of Narrow-Based Indices in the Financial Dictionary - by Free online What does Narrow-Based Indices mean in finance? trading of futures contracts on individual equity securities and narrow-based indices of equity securities. Security futures products (SFP) are futures whose underlying instrument is either a single security or a narrow-based security index. SFPs are considered both a
6 Nov 2012 that apply to single stock futures contracts and futures on narrow-based stock indices. The information that follows contains answers to many
Single Stock Futures - Europe. A Single Stock Future (SSF) is a future whose underlying is an individual stock or a narrow based index. Currently the CFTC does As provided by Rule 417, trades in a Single Stock Future or in a Narrow-Based Stock Index. Future made after the time an underlying regulatory halt is instituted laws and the regulation of futures contracts under the Commodity Exchange Act ( "CEA"). narrow-based indices of such securities were prohibited. The SEC A securities futures contract is a contract of sale for future delivery of a single security or of a narrow-based security index. Under IRS Code §1234B and gain or 6 Nov 2012 that apply to single stock futures contracts and futures on narrow-based stock indices. The information that follows contains answers to many
8 Nov 2019 The CFTC found that the trading platform acted as a futures issuer of a security or the issuers of securities in a narrow-based security index,
narrow-based index (NBI): An index which contains a small group of industry-specific stocks consisting mostly of future contracts. A narrow-based index will not consist of more than ten of these industry-specific stocks. For example, a narrow-based index may include stocks from the auto industry, energy industry, or construction industry. The Commodity Futures Modernization Act of 2000 authorizes trading, on a delayed basis, stock futures, meaning single-stock and narrow-based stock index futures, and options on such futures. COMMODITY FUTURES TRADING COMMISSION SECURITIES AND EXCHANGE COMMISSION (Release No. 34-46009) Joint Order Excluding from the Definition of Narrow-Based Security Index those Security Indexes that Qualified for the Exclusion from that Definition under Section 1a(25)(B)(v) of the Commodity Exchange Act and Section 3(a)(55)(C)(v) of the Securities Exchange Act of 1934 Note that it is not the number of stocks that make up an index that determines whether the index is broad-based or narrow-based, but rather, the diversity of those underlying securities and the markets they cover. Broad-base Indices. A broad-base index is designed to represent the performance of the entire stock market.
and American Depositary Receipts), as well as narrow-based security indices. Futures on other types of securities and options on security futures contracts may
The Commodity Futures Modernization Act of 2000 authorizes trading, on a delayed basis, stock futures, meaning single-stock and narrow-based stock index futures, and options on such futures. COMMODITY FUTURES TRADING COMMISSION SECURITIES AND EXCHANGE COMMISSION (Release No. 34-46009) Joint Order Excluding from the Definition of Narrow-Based Security Index those Security Indexes that Qualified for the Exclusion from that Definition under Section 1a(25)(B)(v) of the Commodity Exchange Act and Section 3(a)(55)(C)(v) of the Securities Exchange Act of 1934 Note that it is not the number of stocks that make up an index that determines whether the index is broad-based or narrow-based, but rather, the diversity of those underlying securities and the markets they cover. Broad-base Indices. A broad-base index is designed to represent the performance of the entire stock market. On September 26, the CFTC adopted Rule 30.13 establishing a certification procedure for the offer or sale to persons in the U.S. of non-narrow-based security index futures contracts traded on foreign boards of trade.The new certification procedure will replace the existing staff no-action process. The final rule will be effective on October 26. A narrow-based index futures contract will represent the value of the index times a dollar amount set by the exchange. Contract month—The month when the contract expires. There will be several different contract months available for trading at any one time, and the number of contract months may vary from exchange to exchange. A security index that is not narrow-based is a "broad based security index." (See Broad-based security index). Nominal value – the face value of the futures contract, obtained by multiplying the contract price by the number of shares or units per contract. If XYZ stock index futures are trading at $50.25 and the contract is for 100 shares of narrow-based security index Notwithstanding 240.3a68-3(a), and solely for purposes of determining whether a credit default swap is a security-based swap under section 3(a)(68)(A)(ii)(I) of the Act (15 U.S.C. 78c(a)(68)(A)(ii)(I)), the term narrow-based security index as used in section 3(a)(68)(A)(ii)(I) of the Act means an index in which: (1) (i) The index is composed of nine or fewer
A securities futures contract is a contract of sale for future delivery of a single security or of a narrow-based security index. Under IRS Code §1234B and gain or 6 Nov 2012 that apply to single stock futures contracts and futures on narrow-based stock indices. The information that follows contains answers to many 17 Jul 2018 "NSE Security Futures"), the cash-settled futures contracts based on (a) certain individual securities and (b) narrow-based security indices 8 Nov 2019 The CFTC found that the trading platform acted as a futures issuer of a security or the issuers of securities in a narrow-based security index, 12 Jul 2019 Details of the initiativeEurex Exchange has determined that the MSCI Indonesia Index will transition from a non-narrow-based security index to