Differences

This shows you the differences between two versions of the page.

--- ice_futures [2017/01/19 10:34] – external edit 127.0.0.1
+++ ice_futures [2020/03/17 11:45] (current) – [Basic Market Rules] maya
@@ Line 1: / Line 1: @@
 ====== ICE Futures Europe ======
-=====Overview=====
+The Intercontinental Exchange (ICE) is a leading exchange group operating equity and derivatives exchanges across North America, Europe, and Asia. ICE Futures Europe, based in the UK, is composed of the former LIFFE and IPE and offers a suite of equity, interest rate, and commodity derivatives, many of which are international benchmarks.
-The Intercontinental Exchange (ICE) is one of the world's leading exchange groups operating equity and derivatives exchanges across North America, Europe, and Asia. ICE Futures Europe, based in the UK, is composed of the former LIFFE and IPE and offers a suite of equity, interest rate, and commodity derivatives, many of which are international benchmarks.
 [[https://www.theice.com/futures-europe|Homepage]]
-Currency: British Pound (GBP)
+Currency: Swiss Franc (CHF), Euro (EUR), British Pound (GBP)
-=====Trading Hours, Calendar, and Contract Specifications=====
+[[https://www.theice.com/publicdocs/Trading_Schedule.pdf | Holiday Hours]]
-Trading hours vary by contract. For more information, see the official page for each contract.
+===== Contracts =====
-[[https://www.theice.com/holiday-hours | Holiday Calendar]]
+. [[https://www.theice.com/products/38527986/Three-Month-Euribor-Futures|3 Month Euribor Futures]]
-. [[https://www.theice.com/products/38716764/FTSE-100-Index-Future | FTSE 100 Index Futures (GBP)]]\\
+. [[https://www.theice.com/products/37650324/Three-Month-Euro-Swiss-Franc-Euroswiss-Futures|3 Month Euroswiss Futures]]
-. [[https://www.theice.com/products/37650336/Long-Gilt-Future | Long Gilt Futures (GBP)]]\\
+. [[https://www.theice.com/products/37650330/Three-Month-Sterling-Short-Sterling-Future|3 Month Sterling Futures]]
-**Note:** at this time, Day Trade The World offers ICE Futures Europe trading until 14:00 ET only.
+. [[https://www.theice.com/products/219/Brent-Crude-Futures|Brent Crude Futures]]
+. [[https://www.theice.com/products/38716764/FTSE-100-Index-Future | FTSE 100 Index Futures]]
+. [[https://www.theice.com/products/37650336/Long-Gilt-Future | Long Gilt Futures]]
+. [[https://www.theice.com/products/34361119/Low-Sulphur-Gasoil-Futures|Low Sulphur Gasoil Futures]]
+. [[https://www.theice.com/products/910/UK-Natural-Gas-Futures|UK Natural Gas Futures]]
+. [[https://www.theice.com/products/213/WTI-Crude-Futures|WTI Crude Futures]]
 ==== Trading Summary ====
-ICE contracts use [[http://www.cmegroup.com/product-codes-listing/month-codes.html|universal month codes]].
+Please familiarize yourself with the expiration dates of contracts and their universal month codes, which can be found on the [[http://www.cmegroup.com/product-codes-listing/month-codes.html|Contract Month Codes]] page.
 The symbology format is as follows:
@@ Line 31: / Line 39: @@
 Where:
-XXX: 2–4 character ICE product code\\
+  * XXX: 1-character ICE product code, e.g., **Z**
-m: month code\\
+  * M: month code, e.g., **Z**
-yy: year code (last two digits of the year)\\
+  * YY: year code (last two digits of the year), e.g., **19**
-For example, the FTSE 100 Index Futures contract expiring on December 16, 2016, would be: Z\Z16
+For example, the FTSE 100 Index Futures contract expiring on December 19, 2019, would be: **Z\Z19**
-Please familiarize yourself with the [[http://www.eurexchange.com/exchange-en/trading/trading-calendar/trading-calendar-archive|expiry dates]] for the available contracts.
+==== Order Types ====
-==== Lit Order Types ====
+  * Limit Buy/Sell→ShortSell (Day/IOC)
+  * Market Buy/Sell→ShortSell (Day/IOC)
-  * Limit Order
-  * Market Order
-  * TIFs: DAY and IOC
 ==== Basic Market Rules ====
-  * Lot Size: 1 contract
+  * Lot Size: 1 contract.
-  * Tick Size: each contract has its own unique tick size
+  * Tick Size: varies by contract.
-  * Short Sell is allowed and no mark or locates are required for shorting
+  * Short Sale Rules: short selling is allowed, and no mark or locates are required for shorting.
+  * Circuit Breakers: Interval Price Limits (“IPL”) prevent large price movements in one direction within a given period of time. This protects the market from price spikes caused by cascading stops, multiple limit or market orders. IPLs have upper and lower limits which are reset periodically, not after each trade. If a bid or offer crosses the IPL, it will trigger a market hold. During the hold, the market is prevented from further movement in that direction for a specific period of time. During this time trading is still permitted in the opposite direction. Once the hold comes to an end, a new IPL is calculated and the market can continue in either direction.
+    * For more information, you can see the [[https://www.theice.com/publicdocs/How_the_ICE_Market_Works.pdf|How the ICE Market Works]] and the [[https://www.theice.com/publicdocs/technology/IPL_Circuit_Breaker.pdf|ICE Circuit Breakers]] documents.
 ===== Additional Info =====
-For more information on the ICE Futures Europe trading rules, see the [[https://www.theice.com/futures-europe/regulation#rules|ICE Futures Rules and Regulations]].
+For more information, see the [[https://www.theice.com/futures-europe/regulation#rules|Rules and Regulation]] page.
 ===== See Also =====
   * [[market_guides|Market Guides]]
-==== Financial News ====
-[[ http://finance.google.com/ | Google Finance ]]\\
-[[ http://finance.yahoo.com/ | Yahoo! Finance ]]\\