|
About S&P SmallCap 600 Futures
Contract
The futures contract size is $500 x the S&P SmallCap 600 futures level. The contract trades in ticks of 0.05 index points, equivalent to $25 (for calendar spreads, the contract trades in ticks of 0.05 index points). About the Underlying Index
Introduced in 1994, S&P SmallCap 600 is fast becoming the preferred small cap index in the United States. Measuring a segment of the market that is typically renowned for poor trading liquidity and financial instability, S&P SmallCap 600 is designed to be an efficient portfolio of companies that meet specific inclusion criteria to ensure that they are investable and financially viable. As a result, the S&P SmallCap 600 is gaining wide acceptance as the benchmark of choice for both active and passive management. S&P SmallCap 600 is a core component of the U.S. indices that could be used as building blocks for portfolio construction. Index constituents exhibit the following characteristics: - Market Coverage –3%-4% of the U.S. equities market
- Weighting – Market capitalization
- Market Capitalization – US$ 300 million to US$ 1.5 billion
- Public Float – At least 50%
- Reconstitution – As needed basis
Learn more about this Index and the methodology at www.standardandpoors.com.
|
