FTSE100 (LFTN)
The FTSE-future (Financial Times Stock Exchange) is a future contract of the FTSE index.
The contract is traded on the futures market Euronext Liffe.
Summary Contract Specifications
- Unit of trading : 10
- Contract size : 10 £ x the level of the FTSE-index
- Delivery months : March, June, September and December
- Last trading date : Third Friday of the delivery month
- Quotation : In points (each full point = £ 10 per contract)
- Minimum price movement : 0,5 points (= £ 10 per contract)
Trading example:
- The FTSE future on 16 december 2009 at 5.270.
- The value of the FTSE future is 5.270 x 10 £ = 52.700 £.
- Buy at 5.270 and sell at 5.300
- The minimum price movement of 'tick' is 0,5 points.
- The tickvalue or 0,5 points is 5 £
- 30 points = 60 ticks
- The value of 30 points = 60 ticks x 5 £ = 300 £
When the FTSE futures goes from 5.270 £ to 5.300 £ a 300 £ is realised.
