CFFEX CSI 300 Index Futures
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CFFEX CSI 300 index futures began trading on the China Financial Futures Exchange (CFFEX) in April 2010. The underlying index, the CSI 300 Index, is the stock index that China Securities Index Co., Ltd. composed with the 300 largest A-Shares listed on the Shanghai Stock Exchange (179 stocks) and Shenzhen Stock Exchange (121 stocks).
Each CFFEX CSI 300 index futures contract is worth 300 yuan times the CSI 300 Index.
In the spring of 2015, CSI 300 stock index futures surpassed the S&P 500 futures in turnover to become the world's most traded equity futures.[1] Daily volumes reached 1.5 million contracts on May 8, exceeding the 1.4 million e-mini S&P 500 contracts traded that day.
| CSI 300 Index futures | ||
|---|---|---|
| Exchange | China Financial Futures Exchange | |
| Settlement | Cash settled | |
| Contract Size | 300 yuan times the CSI 300 Index | |
| Pricing Unit | 30 yuan | |
| Tick Value | 60 yuan | |
| Contract Months | The current and next months as well as two following months in the quarterly cycle | |
| Last Trading Day | The third Friday in the contract month | |
| Note: This contract is electronic ONLY -- no open outcry | ||
| No Open Outcry | Electronic | |
| Trading Hours | N/A | 9:15 a.m.-11:30a.m., 1:15 p.m-3:15 p.m. (1:15 p.m-3p.m. on the last trading day) |
| Ticker Symbol | N/A | IF |
| Price Limits | N/A | 10 percent above or below the previous day's settlement price |