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S&P/TSX Composite ESG Index Futures
Basis Trade on Close: BXG
S&P/TSX Composite ESG Index*
C$5 times the S&P/TSX Composite ESG Index Futures contract value
March, June, September, December
Quoted in index points, expressed to two decimals.
Minimum price fluctuation
- 5 index points for outright positions
- 1 index point for calendar spreads
- 1 index point for outright Basis Trades on Close
Cash settlement. 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 trading day prior to the final settlement 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
Information on position limits can be obtained from the Bourse as they are subject to periodic changes. See Circulars.
Trading halts shall be coordinated with the triggering of the trading halt mechanism of the Underlying Interest (circuit breakers)
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.
- Early session*
- 2:00 a.m. to 9:15 a.m.
- Regular session
- 9:30 a.m. to 4:30 p.m.
- Basis Trades on Close:
- Regular session 9:30 a.m. to 3:30 p.m. ET
* A trading range of -5% to +5% (based on previous day's settlement price) has been established only for this session.
Canadian Derivatives Clearing Corporation (CDCC).
Please refer to the Rules of the Bourse.
The information contained in this document is for information purposes only and shall not be construed as legally binding. This document is a summary of the product's specifications which are set forth in the Rules of Bourse de Montréal Inc. (“Rules of the Bourse”). While Bourse de Montréal Inc. endeavors to keep this document up to date, it does not guarantee that it is complete or accurate. In the event of discrepancies between the information contained in this document and the Rules of the Bourse, the latter shall prevail. The Rules of the Bourse must be consulted in all cases concerning products' specifications.
*The S&P/TSX Composite ESG Index (the "Index") is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and TSX Inc. ("TSX"). Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and TSX® is a registered trademark of TSX. SPDJI, Dow Jones, S&P and their respective affiliates do not sponsor, endorse, sell or promote any products based on the Index and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions or interruptions of the Index or any data related thereto.