ICE MICRO NYSE FANG+™ Index

MICRO NYSE FANG+™ index provides exposure to a select group of highly-traded growth stocks of next generation technology and tech-enabled companies. The MICRO futures contract on the index is designed to offer the ability to gain or reduce exposure to this key group of growth stocks in a capital efficient manner.
Intercontinental exchange announced on September 10th, 2020, that NYSE FANG+™ Index Futures Contract will have its name changed to the now MICRO NYSE FANG+™ that reflected changes in the contract size. The multiplier for the contract was reduced from $50 times the contracts index to $5. This is, reportedly, to allow the contract to better match the wide range of investors.
MICRO NYSE FANG+™ Index Futures	MICRO NYSE FANG+™ Index Futures 	MICRO NYSE FANG+™ Index Futures 	MICRO NYSE FANG+™ Index Futures
Trading Screen Product Name 	Micro FANG+ Index Futures 	Micro FANG+ Index Futures 	Micro FANG+ Index Futures
Trading Screen Hub Name 	ICUS 	ICUS 	ICUS
Contract Symbol 	FNG 	FNG 	FNG
Contract Size 	$5 times the NYSE FANG+ Index 	$5 times the NYSE FANG+ Index 	$5 times the NYSE FANG+ Index
Contract Series 	4 contracts in the March, June, September and December cycle 	4 contracts in the March, June, September and December cycle 	4 contracts in the March, June, September and December cycle
Price Quotation 	Index points, to two decimal places 	Index points, to two decimal places 	Index points, to two decimal places
Tick Size 	.20 Index points, equal to $1.00 per contract;
calendar spread trades may be executed at .05 index point increments.
(Block Trades can be done at .01 Index points) 	.20 Index points, equal to $1.00 per contract;
calendar spread trades may be executed at .05 index point increments.
(Block Trades can be done at .01 Index points) 	.20 Index points, equal to $1.00 per contract;
calendar spread trades may be executed at .05 index point increments.
(Block Trades can be done at .01 Index points)
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. 	Third Friday of the expiration month. Trading in the expiring contract ceases at 9:30 am NY time on 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.
Daily Settlement 	15:59 to 16:00 NY time 	15:59 to 16:00 NY time 	15:59 to 16:00 NY time
Final Settlement 	Cash settlement to a special calculation of the NYSE FANG+ Index (Price Return version) based on the opening prices of the component stocks on the Last Trading Day for the contract.	Cash settlement to a special calculation of the NYSE FANG+ Index (Price Return version) based on the opening prices of the component stocks on the Last Trading Day for the contract.	Cash settlement to a special calculation of the NYSE FANG+ Index (Price Return version) based on the opening prices of the component stocks on the Last Trading Day for the contract.
Position Limit 	Position Accountability Level - 20,000 lots in any month
Position Limit - 100,000 lots in all months combined 	Position Accountability Level - 20,000 lots in any month
Position Limit - 100,000 lots in all months combined 	Position Accountability Level - 20,000 lots in any month
Position Limit - 100,000 lots in all months combined
Daily Price Limit 	None. 	None. 	None.
Off Exchange Trade Types 	EFP, EFS, Block Trade 	EFP, EFS, Block Trade 	EFP, EFS, Block Trade
Block Trade Minimum 	20 lot Block Minimum Quantity 	20 lot Block Minimum Quantity 	20 lot Block Minimum Quantity
IPL Levels 	IPL Amount: 4000 Index Points
Recalc Time and Hold Period: 5 seconds 	IPL Amount: 4000 Index Points
Recalc Time and Hold Period: 5 seconds 	IPL Amount: 4000 Index Points
Recalc Time and Hold Period: 5 seconds
NCR and RL 	NCR 6.00; RL 15.00; CSLOR 4.00 Index Points 	NCR 6.00; RL 15.00; CSLOR 4.00 Index Points 	NCR 6.00; RL 15.00; CSLOR 4.00 Index Points
Fees 	IFUS fees 	IFUS fees 	IFUS fees
MIC Code 	IFUS 	IFUS 	IFUS
Clearing Venues 	ICUS 	ICUS 	ICUS
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	8:00 PM - 6:00 PM*
20:00 - 18:00 	7:30 PM
19:30
Trading Hours 	LONDON 	1:00 AM - 11:00 PM*
01:00 - 23:00 	12:30 AM
00:30
Trading Hours 	SINGAPORE 	9:00 AM - 7:00 AM*
09:00 - 07:00 	8:30 AM
08:30
Trading Hours 	*Next Day
Trading begins on Sunday evening in the U.S. at 6:00 PM ET; the Sunday pre-open is 5:30 PM ET. 	*Next Day
Trading begins on Sunday evening in the U.S. at 6:00 PM ET; the Sunday pre-open is 5:30 PM ET. 	*Next Day
Trading begins on Sunday evening in the U.S. at 6:00 PM ET; the Sunday pre-open is 5:30 PM ET.
Codes 	Clearing Admin Name 	IFUS FANG 	IFUS FANG
Codes 	Physical 	FNG 	FNG
Codes 	Logical 	FNG 	FNG
Codes 	GMI (FC) 	BF 	BF
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
ICE MICRO NYSE FANG+™ Index Product Spec
Category:Sponsored Pages
Category:Sponsored Pages - ICE
Category:Reserved Pages
Category:Reserved Pages - ICE
Category:Indices Futures Contracts
Category:Futures Contracts Traded on ICE
Category:Indices Futures Contracts
Category:Futures Data in Template