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.
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.”
|NYSE FANG+ futures|
|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|
- 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.