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S&P/TSX Composite Index Mini Futures (SCF)
The S&P/TSX Composite Index, a capitalisation-weighted index designed to measure the market activity of Canadian-based TSX-listed companies.
C$5 times the level of the S&P/TSX Composite Index Mini futures contract.
March, June, September and December.
Quoted in index points, expressed to two decimals.
Minimum price fluctuation
- 5 index points for outright positions
- 1 index point for calendar spreads
- 1 index point for outright Basis Trades on Close
Cash-settled. 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 business 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 contracts, gross long and short, in all contract months combined.
Information on position limits can be obtained from the Bourse as they are subject to periodical changes. See Circulars.
A trading halt in the index futures contract will be invoked in conjunction with the triggering of "circuit breakers" on the underlying issues.
Minimum margin requirements
Information on minimum margin requirements 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.
- Early session*
- 8:00 p.m. (t-1) to 9:15 a.m.
- Regular session
- 9:30 a.m. to 4:30 p.m.
* A trading range of -7% to +7% (based on previous day's settlement price) has been established only for this session.
Canadian Derivatives Clearing Corporation (CDCC).
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.
SCFTM is a trademark of Bourse de Montréal Inc.