Canadian Derivatives Exchange*

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

The Exchange's offices and markets are closed today, September 1, 2014 (Labour Day).

Underlying

The S&P/TSX Composite Index, a capitalisation-weighted index designed to measure the market activity of Canadian-based TSX-listed companies.

Multiplier

C$5 times the level of the S&P/TSX Composite Index Mini futures contract.

Expiry cycle

March, June, September and December.

Price quotation

Quoted in index points, expressed to two decimals.

Minimum price fluctuation

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

Contract type

Cash-settled. The final settlement price is the official opening level of the underlying index on the final settlement day.

Last trading day

Trading ceases on the business day prior to the final settlement day.

Expiration day

Expiration occurs on the last trading day.

Final settlement day

The third Friday of the contract month, provided it is a business day. If it is not a business day, final settlement will occur on the preceding business day.

Position reporting threshold

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

Position limit

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

Price limit

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

Minimum margin requirements

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

Trading hours

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.