NYSE FANG+
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The NYSE FANG+, or NYSE FANG Plus index, is a quarterly equity index futures contract launching on November 8, 2017 on ICE Futures US. It provides exposure to a select group of highly-traded growth stocks of technology and tech-enabled companies.[1]
The NYSE FANG+ index is equal-weighted and at lauch will include five core FANG stocks, including Facebook, Apple, Amazon, Netflix and Alphabet’s Google, plus another five actively-traded technology growth stocks -- Alibaba, Baidu, NVIDIA, Tesla and Twitter.
The real-time NYSE FANG+ Index will be calculated and disseminated through the NYSE Global Index Feed under the symbol “NYFANG.”[2]
| NYSE FANG+ futures | ||
|---|---|---|
| Exchange | ICE | |
| Settlement | Physically delivered | |
| Contract Size | 50 times the NYSE FANG+ Index | |
| Pricing Unit | Need pricing unit! | |
| Tick Value | 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) | |
| Contract Months | 4 contracts in the March, June, September and December cycle | |
| 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 | |
| Note: This contract is electronic ONLY -- no open outcry | ||
| No Open Outcry | Electronic | |
| Trading Hours | 8:00 pm to 6:00 pm (6:00 pm open on Sunday evening) Preopen starts 30 minutes prior to the start of trading. | N/A |
| Ticker Symbol | N/A | FNG |
| Price Limits | N/A | None. |
Notes[edit]
References[edit]
- ↑ Trade the Top of Tech with NYSE FANG+ Index Futures. ICE.
- ↑ INTERCONTINENTAL EXCHANGE ANNOUNCES ICE FUTURES U.S. CONTRACT BASED ON NYSE FANG+™ INDEX OF TECH STOCKS; EFFICIENTLY HEDGE OR GAIN EXPOSURE TO KEY TECH SECTOR STOCKS WITH FUTURES. ICE.
- ↑ CONTRACT SPECIFICATIONS. ICE.
- ↑ NYSE FANG+TM Index. ICE.
- ↑ NYSE FANG+TM INDEX (NYFANG). NYSE.