ICE Futures U.S. is launching the NYSE FANG+™ Index future this week. Trading starts on November 8.
The contract is cash-settled and it provides a capital-efficient means of hedging exposure to FANG stocks.
The NYSE FANG+™ Index is based on a select basket of fast-growing technology related stocks. The futures contract was designed to provide market participants the ability to take a view on some of today's most actively traded tech companies. It also complements ICE's portfolio of wider-based MSCI© and FTSE© index futures contracts.
- Equal-weighted at quarterly re-balances
- Dynamic methodology to allow the index to adapt to quickly evolving sector
- Futures margin with offsets available
- Quarterly expirations
- Contract size: $50 x Index
- Tick: $5
- Ability to leverage
- Attractively sized contract
- Incentive program
NYSE FANG+ Index is a trademark of ICE Data Indices, LLC or its affiliates (“ICE Data”) and has been licensed for use in connection with the NYSE FANG+ Index Futures.
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