S&P/TSX 60 Index Standard Futures (SXF)
Ticker Symbol
SXF
Basis Trade on Close: BSF
Underlying
The S&P/TSX 60 Index, which is designed to represent leading companies in leading industries.
Market Capitalization: Larger companies, as measured by the float adjusted market capitalization, are considered for the S&P/TSX 60 Index. A company's float adjusted market capitalization is calculated by removing control blocks of 10% or more.
Multiplier
C$200 times the S&P/TSX 60 Index Standard Futures contract value.
Expiry cycle
March, June, September and December.
Price quotation
Quoted in index points, expressed to two decimals.
Minimum price fluctuation
- 0.10 index points for outright positions
- 0.01 index points for calendar spreads
- 0.05 index points for outright Basis Trades on Close
Contract type
Cash settlement. The final settlement price is the official opening level of the underlying index on the final settlement day.
Last trading day
Trading ceases on the trading day prior to the final settlement day.
Final settlement day
The third Friday of the contract month, provided it is a business day. If it is not a business day, final settlement will occur on the preceding business day.
Position reporting threshold
1,000 futures contracts (standard and mini combined) on the S&P/TSX 60 Index, gross long and short, in all contract months combined.
Position limit
- All-months position limit: information can be obtained from the Regulatory Division as they are subject to periodic changes. See the position limits page on the Regulatory Division website.
- Spot month position limit: not applicable.
Trading halt
A trading halt will be invoked in conjunction with the triggering of "circuit breakers" on the underlying issues.
Minimum margin requirements
Information on minimum margin limits can be obtained from the Bourse as they are subject to periodic changes. See the Futures contracts margin rates page on the Regulatory Division website.
Trading hours
- Early session*
- 8:00 p.m. (t-1) to 9:15 a.m. ET
- Regular session
- 9:30 a.m. to 4:30 p.m. ET
- Basis Trades on Close: Regular session
- 9:30 a.m. to 4:00 p.m. ET
* A trading range of -7% to +7% (based on previous day's settlement price) has been established only for this session.
Clearing corporation
Canadian Derivatives Clearing Corporation (CDCC).
Trading procedures
Please refer to the Rules of the Bourse.
The information contained in this document is for information purposes only and shall not be construed as legally binding. This document is a summary of the product's specifications which are set forth in the Rules of Bourse de Montréal Inc. ("Rules of the Bourse"). While Bourse de Montréal Inc. endeavors to keep this document up to date, it does not guarantee that it is complete or accurate. In the event of discrepancies between the information contained in this document and the Rules of the Bourse, the latter shall prevail. The Rules of the Bourse must be consulted in all cases concerning products' specifications.
The S&P/TSX 60 Index is a product of S&P Dow Jones Indices LLC ("SPDJI") and TSX Inc. ("TSX"). Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and TSX® is a registered trademark of TSX. SPDJI, Dow Jones, S&P and TSX do not sponsor, endorse, sell or promote any products based on the S&P/TSX 60 Index and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions or interruptions of the S&P/TSX 60 Index or any data related thereto.