ICE: The home of UK Equity Derivatives
With markets seemingly in summer mode, activity has been muted in the main ICE U.K. Equity Derivative benchmark contracts. This was in stark comparison to August 2019 when U.S./China trade tensions caused a surge in volatility.
The performance of the FTSE 100 & 250 Indices has been mixed over the last three months with U.K. stocks underperforming compared to their European peers. U.K. Equity benchmarks have been playing catchup compared to their U.S. and European peers and are still down approximately 20% for the year. Energy shares have been hit by dividend cuts and the fall in oil prices has dampened the rebound in the FTSE 100. This is in comparison to the S&P 500, which is up around 7% for the year on the back of a historic stimulus and a rally in tech stocks.
Contact the ICE Equity Derivative team to learn about the development of the FTSE franchise, including our plans to develop the U.K. Mid Cap Sector with a focus on the FTSE 250 Futures and Options. Learn more about our flexible Single Stock Futures and Options on U.K., European and Emerging Market stocks.
NYSE FANG+ Index Futures
On Sept. 28, ICE U.S. will make several changes to NYSE FANG+ futures, including:
- Reduce the multiplier from $50 to $5
- Convert open interest to adjust outstanding positions to the new contract size
- Change the name of the contract to Micro NYSE FANG+ Index Futures
High Performance + Controlled Risk
The FANG+ Index has increased nearly 140% since bottoming out in mid-March. Given this dramatic rise in the index, the Exchange believes the new, smaller contract size will appeal to a more broad-based selection of participants. Flexibility will be enhanced, and multiple market makers will still be active to ensure a liquid trading environment.
Composed of 10 highly-traded growth stocks, NYSE FANG+ provides exposure to a select group of next generation technology companies.