FTSE MIB Dividend Futures

FTSE MIB Dividend

9.00 am - 5.40 pm

Futures contracts on the FTSE MIB Dividend index are quoted in index points.

Each index point has a value of 5 €.

The size of the contract is determined by the product of the futures price and the value of the contract multiplier.
Example: if the price of a futures on the FTSE MIB Dividend index is equal to 800 index points, the contract size is 800 x 5 € = 4,000 €.

1 index point (5 €).

the 5 nearest successive annual months expiry of December. New futures are quoted on the first trading day following expiration.

The contract expires on the third Friday of the expiration month at 9.05 am. If the Exchange is closed that day, the contract expires on the first trading day preceding that day.

Trading in any contract closes on expiry of that contract (9.05am on expiration day).

Determined on the basis of the quantity-weighted-average contract prices or the best bid/ask quotations observed on the market during a significant trading period.

Cumulative total of the relevant gross dividends paid by the individual constituents of the underlying index, calculated in index points on the day of the maturity of the related contract.

Settlement is paid in cash only. It is the difference between the exercise price and the reference price of the index on the first trading day after the contract begins, taking into account the number of contracts exercised and the value of the multiplier. Settlement is made through the clearing and settlement organisation Cassa di Compensazione e Garanzia.

None.

Margin table

Available.