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FTSE Italia PIR PMI TR index futures (MCAP)

Characteristic	Description
Underlying	FTSE Italia PIR PMI TR index
Trading hours	- Opening Auction: 7.30 - 9.01 (9.01.00 - 9.01.30) - Continuous Trading: 9.01 - 17.30 - Large-in-Scale Trade Facility (LiS): 7.30 - 18.30
Settlement	Cash settled
Quotation	Index points
Tick size (in index point)	- On-book trading: 5 - Orders to execute Negotiated Transactions: 1
Multiplier (value of 1 index point)	€ 1
Contract size	Future price x Multiplier
Contract months	The 4 nearest quarterly months of the Mar/Jun/Sep/Dec cycle
Expiry day	The third Friday of the expiry month at 9.05. If the Exchange is closed that day, the contract expires on the first trading day preceding that day
Last trading day	Expiry day, until 9.05am
Daily settlement price	Computed according to Euronext Derivatives Trading Procedures paragraph 2.2 and 2.3
Settlement day	The first open Euronext Clearing calendar day following the expiry day
Final settlement price	The value of the FTSE Italia PIR PMI TR index, calculated using the opening auction prices of each constituent on the last trading day. If the opening auction price of any constituent has not been established by the end of the last trading day, Borsa Italiana defines the constituent price on the basis of the prices recorded in the last trading session and taking into account any other relevant objective elements available
Strategies	Preconfigured strategies

Unusual Contract Size

Where contracts have been affected by recent corporate actions resulting in currently tradable contracts being of a non-standard contract size, this information can be found in the document on this page.

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