SMI (FSMI)
The contract is traded on the future market of Eurex and is based on the Swiss market index SMI.
Summary Contract Specifications
- Unit of trading : 10
- Contract size : CHF 10 x the level of the SMI-index
- Delivery months : March, June, September and December
- Quotation : In points (each full point = CHF 10 per contract)
- Minimum price movement : 1 point (= CHF 10 per contract)(tick size and value)
Trading example
- The SMI-index at 6.426
- The value of the SMI-future is 6.426 x 10 CHF = 64.260 CHF
- Buy at 6.426 and sell at 6.450
- The minimum price movement of 'tick' is 1 point.
- The tickvalue or 1 point is 10 CHF
- When the SMI-index goes from 6.426 to 6.450 of 24 points, a profit on the SMI-index of 240 CHF is realized.
