Understanding the SOQ
By CME Group - Fri Nov 04 09:16:00 CDT 2011 CT
Related Keywords: Equity Index, Market Fundamentals

An In-Depth Explanation of "Special Opening Quotation" or SOQ

Domestic stock index futures traded on CME Group exchanges and on other exchanges are typically settled to a "Special Opening Quotation" (SOQ). SOQs are calculated per normal index calculation procedures except that the values for the respective components are taken as the actual opening values for each of the component equities.

The SOQ for the S&P 500 may be referenced on Bloomberg systems with the ticker symbol "SPXSET <INDEX>". Read the full article for answers to the "settle on published open" and "settle on close" questions, how DMMs are affected by settle method, and how other markets reference SOQ.

 

 
 
 
 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo
  • © 2013 CME Group Inc. All rights reserved.
  • CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of five Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, COMEX and KCBT.