Narrow based index futures

narrow-based index (NBI) Definition. An index which contains a small group of industry-specific stocks consisting mostly of future contracts. A narrow-based index will not consist of more than ten of these industry-specific stocks. For example, a narrow-based index may include stocks from the auto industry, energy industry, or construction industry. narrow-based index (NBI) meaning and definition in stocks, futures, An index which contains a small group of industry-specific stocks consisting mostly of future contracts. A narrow-based index will The Commodity Futures Modernization Act of 2000 authorizes trading, on a delayed basis, stock futures, meaning single-stock and narrow-based stock index futures, and options on such futures.

Narrow Based Stock Index Futures. 35100. SCOPE OF CHAPTER. This chapter is limited in application to trading in any contract that is a security future (as such. 9 May 2002 AGENCIES: Commodity Futures Trading Commission and Securities on narrow-based security indexes (collectively, "security futures") by the  25 Mar 2004 Futures contracts on single securities and on narrow-based security indexes ( collectively, "security futures") are jointly regulated by the CFTC  15 Sep 2015 a dividend index as a non-security based index futures contract over Dividend Index is a security future (and in particular, a narrow-based  An index is narrow-based if (1) it has nine or fewer stocks, (2) any single stock in the The newly authorized futures on narrow-based indexes, like options on  Definition of Narrow-Based Indices in the Financial Dictionary - by Free online What does Narrow-Based Indices mean in finance? trading of futures contracts on individual equity securities and narrow-based indices of equity securities.

27 Aug 2012 The Commodity Futures Trading Commission (CFTC) and the Securities that is based on (i) an index that is a narrow-based security index, 

Get the latest data from stocks futures of major world indexes. Find updated quotes on top stock market index futures. Narrow-Based Stock Index Futures shall be based on such indices consisting of two or more underlying securities, which satisfy the requirements set forth in CFTC Regulation 41.21(b), as determined by the Exchange. 35102.B. Trading Hours Narrow-Based Stock Index Futures shall be traded during such hours, as determined by the Exchange. The agreement provides for joint jurisdiction between the CFTC and the SEC over single stock futures and narrow-based stock indices, both defined as security futures. Broad-based indices, as defined below, will remain under the CFTC’s jurisdiction. Broad-Based Stock Indices. If a futures contract on a stock index satisfies either of the criteria set forth in Path A or Path B below, it qualifies as a broad-based index under the CFTC’s exclusive jurisdiction: The smallest broad-based index is the Dow Jones Industrial Average with 30 industrial stocks and the largest is the Wilshire 5000 Total Market Index. Other examples include the S&P 500, Russell 3000 Index, AMEX Major Market Index and the Value Line Composite Index. narrow-based index (NBI) Definition. An index which contains a small group of industry-specific stocks consisting mostly of future contracts. A narrow-based index will not consist of more than ten of these industry-specific stocks. For example, a narrow-based index may include stocks from the auto industry, energy industry, or construction industry.

12 Jul 2019 Details of the initiativeEurex Exchange has determined that the MSCI Indonesia Index will transition from a non-narrow-based security index to 

Note that it is not the number of stocks that make up an index that determines whether the index is broad-based or narrow-based, but rather, the diversity of those underlying securities and the markets they cover. Broad-base Indices. A broad-base index is designed to represent the performance of the entire stock market. On September 26, the CFTC adopted Rule 30.13 establishing a certification procedure for the offer or sale to persons in the U.S. of non-narrow-based security index futures contracts traded on foreign boards of trade.The new certification procedure will replace the existing staff no-action process. The final rule will be effective on October 26. A narrow-based index futures contract will represent the value of the index times a dollar amount set by the exchange. Contract month—The month when the contract expires. There will be several different contract months available for trading at any one time, and the number of contract months may vary from exchange to exchange.

20 Jul 2015 Hence the compromise: Futures on broad-based stock indexes could be created and regulated as futures, but futures on single stocks and narrow 

Narrow-Based Stock Index Futures shall be based on such indices consisting of two or more underlying securities, which satisfy the requirements set forth in CFTC Regulation 41.21(b), as determined by the Exchange. 35102.B. Trading Hours Narrow-Based Stock Index Futures shall be traded during such hours, as determined by the Exchange. The agreement provides for joint jurisdiction between the CFTC and the SEC over single stock futures and narrow-based stock indices, both defined as security futures. Broad-based indices, as defined below, will remain under the CFTC’s jurisdiction. Broad-Based Stock Indices. If a futures contract on a stock index satisfies either of the criteria set forth in Path A or Path B below, it qualifies as a broad-based index under the CFTC’s exclusive jurisdiction: The smallest broad-based index is the Dow Jones Industrial Average with 30 industrial stocks and the largest is the Wilshire 5000 Total Market Index. Other examples include the S&P 500, Russell 3000 Index, AMEX Major Market Index and the Value Line Composite Index. narrow-based index (NBI) Definition. An index which contains a small group of industry-specific stocks consisting mostly of future contracts. A narrow-based index will not consist of more than ten of these industry-specific stocks. For example, a narrow-based index may include stocks from the auto industry, energy industry, or construction industry.

narrow-based index (NBI) Definition. An index which contains a small group of industry-specific stocks consisting mostly of future contracts. A narrow-based index will not consist of more than ten of these industry-specific stocks. For example, a narrow-based index may include stocks from the auto industry, energy industry, or construction industry.

A securities futures contract is a contract of sale for future delivery of a single security or of a narrow-based security index. Under IRS Code §1234B and gain or  6 Nov 2012 that apply to single stock futures contracts and futures on narrow-based stock indices. The information that follows contains answers to many  17 Jul 2018 "NSE Security Futures"), the cash-settled futures contracts based on (a) certain individual securities and (b) narrow-based security indices  8 Nov 2019 The CFTC found that the trading platform acted as a futures issuer of a security or the issuers of securities in a narrow-based security index,  12 Jul 2019 Details of the initiativeEurex Exchange has determined that the MSCI Indonesia Index will transition from a non-narrow-based security index to  27 Aug 2012 The Commodity Futures Trading Commission (CFTC) and the Securities that is based on (i) an index that is a narrow-based security index, 

Index futures, like all future contracts, give the trader or investor the power and the commitment to deliver the cash value based on an underlying index at a specified future date. Unless the