Canadian Derivatives Exchange*

S&P/TSX Composite Index Mini Futures (SCF)

Underlying

The S&P/TSX Composite index is a capitalization-weighted index designed to measure the market activity of stocks listed on the Toronto Stock Exchange.

Multiplier

C$5 × S&P/TSX Composite Index Mini Futures value

Contract months

Four months in the March, June, September, December quarterly cycle.

Price quotation

Quoted in index points.

Last trading day

The trading day prior to the final settlement day.

Final settlement day

The 3rd Friday of the contract month, providing it be a business day; if not, the 1st preceding day.

Contract type

Cash settlement. The final settlement price is the official opening level of the underlying index to the final settlement day.

Minimum price fluctuation

  • 5 index points for outright positions
  • 1 index point for calendar spreads

Reporting limit

1,000 contracts gross long and short in all contract months combined.

Position limits

Information on position limits can be obtained from the Exchange as they are subject to periodic changes. See Circulars.

Price limit

A trading halt in the index futures contract will be invoked in conjunction with the triggering of circuit breakers in the underlying stocks.

Minimum margin requirements

Information on minimum margin requirements can be obtained from the Exchange as they are subject to periodic changes. See the Futures contracts margin rates page on the Regulatory Division website.

Trading hours (Montréal time)

Early session*
6:00 a.m. to 9:15 a.m.
Regular session
9:30 a.m. to 4:15 p.m.

* A trading range of -5% to +5% (based on previous day's settlement price) has been established only for this session.

Clearing corporation

Canadian Derivatives Clearing Corporation (CDCC)

Trading procedures

SCFTM is a trademark of Bourse de Montréal Inc.