Canadian Derivatives Exchange*

Sector Index Futures (SXA, SXB, SXH, SXY)

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

Underlyings

  1. S&P/TSX Global Gold Index (SXA)
  2. S&P/TSX Capped Financials Index (SXB)
  3. S&P/TSX Capped Information Technology Index (SXH)
  4. S&P/TSX Capped Energy Index (SXY)

Multipliers

  1. SXA: C$200 times the S&P/TSX Global Gold Index futures value
  2. SXB: C$200 times the S&P/TSX Capped Financials Index futures value
  3. SXH: C$500 times the S&P/TSX Capped Information Technology Index futures value
  4. SXY: C$200 times the S&P/TSX Capped Energy Index futures value

Expiry cycle

March, June, September and December.

Price quotation

Quoted in index points, expressed to two decimals.

Minimum price fluctuations

  1. 0.10 index point for the S&P/TSX Global Gold Index
  2. 0.10 index point for the S&P/TSX Capped Financials Index
  3. 0.05 index point for the S&P/TSX Capped Information Technology Index
  4. 0.10 index point for the S&P/TSX Capped Energy Index

Note: 0.01 index points for calendar spreads.

Contract type

Cash-settled. The final settlement price is the official opening level of the underlying sector 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

500 contracts, gross long and short, in all contracts months combined.

Position limit

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

Price limit

A trading halt in the sector index futures contracts 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

SXATM, SXBTM, SXHTM and SXYTM are trademarks of Bourse de Montréal Inc.