CME Group » Equity Index » Enhancements to Financial and Techn
Enhancements to Financial and Technology SPCTR Futures
Modified SPCTRs Contracts Now Trading

Introducing More Efficient Tools for Managing Your Financial and Technology Sector Exposure

In response to customer demand, enhanced versions of the Financial and Technology SPCTR Futures --– with increased multipliers and corresponding dollar values of minimum tick sizes to better reflect the current market environment --– will be listed for trading on the CME Globex platform starting July 27, 2009.

Financial SPCTR futures track the S&P 500 Financial Sector Index and offers the same sector exposure as the Financial Select Sector SPDR ETF (XLF).

Technology SPCTR futures track the S&P 500 Information Technology and S&P 500 Telecommunication Sector Indexes, offering the same sector exposure as the Technology Select Sector SPDR ETF (XLK).

Enhancements include:

  • Doubling of the contract multiplier size from $125 to $250
  • Increasing the dollar value of the minimum tick from $12.50 per contract to $25.00 per contract
  • Waived CME Clearing and Globex fees for CME members through December 31, 2009

These contracts offer:

  • Efficient, precise tools for hedging price exposure to the Financial sector as well as the Information Technology and Telecom sectors of the benchmark S&P 500 Index
  • Nearly 24 hour electronic trading access
  • Speed, reliability, price transparency and anonymity of the advanced CME Globex electronic platform
  • Substantially mitigated counterparty risk through our centralized clearing model

These contracts will be eligible for block trading (block surcharges will still apply).

Contract Specifications
  Financial SPCTRS Technology SPCTRS
First Trade Date July 27, 2009
Tick Symbol FIN
FS= Clearing		 TEC
TS= Clearing
Contract Value $250 x Financial SPCTR futures price $250 x Technology SPCTR futures price
Tick Size 0.10 index points = $25.00

Calendar spread:
0.05 index points =$12.50		 0.10 index points = $25.00

Calendar spread:
0.05 index points =$12.50
Underlying Instrument S&P 500 Financial sector index S&P 500 Information Technology and Telecomm sectors indices
Listing Cycle Two months in the March Quarterly Cycle (i.e., Mar, Jun, Sep, Dec)
Hours of Trading
(All times listed in Chicago Time)		 Nearly 24-hour Trading on CME Globex

SUNDAY 5:00 p.m.– 3:15 p.m. next day
MON-THURS 3:30 p.m. - 3:15 p.m. next day with a daily maintenance shutdown from 4:30 p.m.-5:00 p.m.
Last Trade Date/Time Trading can occur up to 8:30 a.m. on the 3rd Friday of the contract month
Final Settlement Cash Settlement. All open positions at close of last day of trading are settled in cash to the Special Opening Quotation (SOQ) on Friday a.m. of the S&P 500 Index. See SOQ FAQ
Limits RTH: Successive 10%, 20%, 30% limits (downside only)
ETH (overnight): 5% up or down
Resources

Financial SPCTR Product Page
Technology SPCTR Product Page
Index Comparison Tool w/ Sector Weightings: Equity Products Landing Page