Differences

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--- cboe_futures [2017/12/18 16:12] – created maya
+++ cboe_futures [2023/02/27 11:50] (current) – hammed
@@ Line 3: / Line 3: @@
 Cboe Futures Exchange (CFE®) is the home of volatility futures, featuring futures on the Cboe® Volatility Index (VIX®). CFE is owned by Cboe Global Markets and trades on CFE are cleared by The Options Clearing Corporation (OCC). CFE is an all-electronic, open access market model with dedicated market makers and market participants providing liquidity.
-[[ http://www.cmegroup.com/ | Homepage]]
+  * [[ https://www.cboe.com/us/futures/ | Homepage]]
+  * [[ https://www.cboe.com/about/hours/us-futures/ | Holiday Calendar & Trading Hours ]]
-Currency: US Dollar (USD)\\
+Currency: US Dollar (USD)
-Trading Hours: 18:00 - 16:15 ET (22 hours 15 minutes) Sunday to Friday
-[[ http://cfe.cboe.com/about-cfe/holiday-calendar | Holiday Calendar & Trading Hours ]]
 ===== Trading Summary =====
@@ Line 18: / Line 16: @@
 CCC\MYY
-Where
+Where:
-CCC   = 1–3 Digit contract code
+  * CCC = 1–3 digit contract code
+  * M = One-digit contract month
+  * YY = Two-digit contract year
-M        = One-digit contract month
+For example, **XBT\F19** is a BitCoin futures contract, with a January 2019 expiry.
-YY      = Two-digitcontract year
-For example, **XBT\F18**      BitCoin futures contract, January 2018 expiry
 **Minimum BP per contract:**
-BitCoin Futures: contract size/BP = as per contract price
+You can use the following formulas to calculate the contract value for each futures series. This value represents the amount of Buying Power (BP) you would need to trade a single contract.
-CME Bitcoin Futures: contract size/BP = price * 5
+BitCoin Futures: contract value = contract price
-Cboe Volatility Index (VIX) Futures: contract size/BP = price * 1000
+Cboe Volatility Index (VIX) Futures: contract value = price * 1000
 ==== Order Types ====
@@ Line 42: / Line 36: @@
   * Market Buy/Sell→ShortSell
+==== Basic Market Rules ====
-==== Basic Market Rules ====
   * Lot Size: 1 contract.
-  * Tick Size: varies, see the [[ http://www.cmegroup.com/trading/products/#pageNumber=1&sortField=oi&sortAsc=false|Group Product Slate ]] for more information.
+  * Tick Size: varies, see the [[ http://www.cboe.com/products/|Cboe Product Slate ]] for more information.
   * Short Sale Rules: short selling is allowed, and no mark or locates are required for shorting.
+  * For more information on short sale circuit breakers, you can see the corresponding [[https://markets.cboe.com/us/equities/notices/short_sale/|Notices]] page.
-For more information, see the [[ http://www.cmegroup.com/rulebook/CME/| CME Rulebook ]] page.
+For more information, see the [[ https://cdn.cboe.com/resources/regulation/rule_book/cfe-rule-book.pdf | CFE Rulebook ]] page.
-==== Globex Opening ====
-Prior to the opening of each Globex session, Globex will provide an indicative price or prices, based on the Globex equilibrium price algorithm as follows, and on all pending orders that may be executed on the opening.
-During the 30-second period prior to the opening, no previously entered orders may be modified or cancelled, though new orders may be entered. Globex will establish an equilibrium price that will be the opening price. The equilibrium price is the calculated price between sell pressure and buy pressure where the largest volume of trading can occur. The equilibrium price is one of the following:
+===== See Also =====
-  * a) The price within the equilibrium that has the largest trade volume and the lowest unmatched volume at that price remaining after the opening; or
-  * b) If more than one price has the same trade volume and the same unmatched volume at that price, the equilibrium price is the one nearest the previous day's settlement price.
-Bids and Offers will be selected for matching at the opening price based on price-time priority.
-===== See Also =====
   * [[market_guides|Market Guides]]