FANG+ Index Futures Brokers
Trade the Top of Tech with NYSE FANG+ Index Futures
NYSE FANG+™ is a new index that provides exposure to a select group of highly-traded growth stocks of next generation technology and tech-enabled companies. Beginning on November 8, 2017, you’ll be able to access the index through a new futures contract designed to help you gain or reduce exposure to this key group of growth stocks in a capital efficient manner.
INDEX COMPOSITION: BENCH MARKING TODAY’S TECH GIANTS
The NYSE FANG+ index includes 10 highly liquid stocks that represent the top innovators across today’s tech and internet/media companies. The index’s underlying composition is equally weighted across all stocks, providing a unique performance benchmark that allows for a more value-driven approach to investing. While the performance of indices weighted by market capitalization can be dominated by a few of the largest stocks, an equal-weighting allows for a more diversified and represented portfolio. NYSE FANG+ is one of the most highly correlated indices to technology and related stocks.
Underlying Stocks in NYSE FANG+*
|- Facebook (FB)
- Apple (AAPL)
- Amazon (AMZN)
- Netflix (NFLX)
- Google (GOOGL)
- Alibaba (BABA)
- Baidu (BIDU)
- NVIDIA (NVDA)
- Tesla (TSLA)
- Twitter (TWTR)
TRADING NYSE FANG+ Index FUTURES on ICE: THE BENEFITS
NYSE FANG+ futures, which will begin trading on ICE Futures U.S. on November 8, 2017, subject to regulatory review, provide a concentrated hedging mechanism for asset managers, proprietary trading firms, institutional traders and retail investors with technology exposure. The contract features:
Low-cost exposure to tech sector
One of the most highly correlated indices to tech and related stocks
Hedging mechanism to quickly increase or decrease tech exposure in equities portfolios
A disciplined methodology that will dictate the evolution of underlying securities.
Calculations are based on the price return of each index. NYSE FANG+ is an equal-weighted index, whereas the other indices represented in the chart above are weighted by market capitalization.
NYSE FANG+™ is a new index providing exposure to a select group of highly-traded growth stocks of next generation technology and tech-enabled companies. The futures contract on the index is designed to offer the ability to gain or reduce exposure to this key group of growth stocks in a capital efficient manner.
Trading Screen Product Name
FANG+ Index Futures
Trading Screen Hub Name
$50 times the NYSE FANG+ Index
4 contracts in the March, June, September and December cycle
Index points, to two decimal places
.10 Index points, equal to $5.00 per contract; calendar spread trades may be executed at .05 index point increments.
(Block Trades can be done at .01 Index points)
Last Trading Day
Third Friday of the expiration month. Trading in the expiring contract ceases at 9:30 am NY time on Last Trading Day.
16:14 to 16:15 NY time
Cash settlement to a special calculation of the NYSE FANG+ Index (Price Return version) based on the opening prices of the component stocks on the Last Trading Day for the contract.
Position Accountability Level - 20,000 lots in any month.
Position Limit - 100,000 lots in all months combined.
Daily Price Limit