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SXFTM – S&P/TSX 60 Index Standard Futures
Underlying
 
The S&P/TSX 60 index is a capitalization-weighted index of the 60 largest and most liquid stocks listed on the Toronto Stock Exchange.
Trading Unit
 
C$200 X S&P/TSX 60 index futures value
Contract Months
 
March, June, September and December.
Price Quotation
 
Quoted in index points, expressed to two decimals.
Last Trading Day
 
Trading ceases on 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 on the Final Settlement Day.
Price Fluctuation
 
0.10 index points for outright positions
0.01 index points for calendar spreads
Reporting Limit
 
1,000 futures contracts (standard and mini combined) on the S&P/TSX 60 Index gross long and short in all contract months combined.
Price Limits
 
A trading halt will be invoked in conjunction with the triggering of "circuit breaker" in the underlying stocks.
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.
 
SXFTM is a trademark of Bourse de Montréal Inc.