MiniFIB - Mini Futures on FTSE MIB

FTSE MIB

- Opening auction: 8.30am - 9.00am (9.00.00 - 9.00.59) 
- Continuous trading: 9.00am - 5.40pm

Mini futures contracts on the FTSE MIB index are quoted in index points.

Each index point has a value of 1 €.

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 minifutures on the FTSE MIB index is equal to 28.000 index points, the contract size is 28.000 x 1 € = 28.000€.

5 index points (5 €)

The two closest quarterly expirations "March, June, September and December". New futures are quoted on the first trading day following expiration.

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

The daily closing price is established by the clearing and settlement organisation Cassa di Compensazione e Garanzia. The same as the price of FIB.

The settlement price is equal to the value of the FTSE MIB index, calculated on the opening prices of the financial instruments that make up the index recorded on the last day of trading. If the opening price of any financial instrument on the index has not been established by the end of the trading session, Italian Exchange fixes the price in order to establish the value of the index on the basis of the prices recorded in the last session and takes into account any other relevant objective elements available.

Settlement is paid in cash only. It is the difference between the exercise price and the reference value 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

Futures on the FTSE MIB index can be bought and sold in the USA as expressed in the no action letter from the CFTC.