SPI contract specifications for the ASX SPI 200™ Index Futures (also known as SPI futures) as follows:
Exchange: Traded on the Sydney Futures Exchange (SNFE), a subsidiary of the ASX
Currency: AUD
Commodity Code: AP
Trading Times:
5.10 pm – 7.00 am and 9.50 am – 4.30 pm Sydney (Australia) time, for the period from second Sunday in March to first Sunday in November (i.e. During US daylight saving time)
5.10 pm – 8.00 am and 9.50 am – 4.30 pm Sydney (Australia) time, for the period from first Sunday in November to second Sunday in March (i.e. During US non daylight saving time)
Contract Value/Multiplier: A$25 per index point (therefore valued as A$125,000 if SPI was at 5000 index points)
Minimum Price Movement (tick size): One index point (A$25)
Contract Months: March/June/September/December
Last Trading Day: All trading in expiring contracts ceases at midday (12.00 pm) Australian EST (Sydney time) on the third Thursday of the settlement month. Non-expiring contracts will continue to trade as per the quoted Trading Times above.
Cash Settlement Price: The Special Opening Quotation of the underlying S&P ASX 200 Index on the ‘Last Trading Day’ (listed above), which is calculated using the first traded price of each component stock in the S&P ASX 200 Index on the ‘Last Trading Day’.
The first traded price of each component stock may occur at any time between ASX market open and ASX market close, including the Closing Single Price Auction, on the ‘Last Trading Day’. Should any component stock not have traded by ASX market close on the ‘Last Trading Day’, the last traded price of that stock will be used to calculate the Special Opening Quotation.
See full ASX SPI 200 Index futures contract specifications on the Australian Securities Exchange web site.