Futurous Mini VIX.pdf

- Contract Name: Mini Cboe Volatility Index (VXM) Futures
- Listing Date: August 10, 2020
- Description: Based on the Cboe Volatility Index (VIX Index), which estimates expected volatility using real-time prices of options on the S&P 500 Index.
- Contract Multiplier: $100
- Ticker Symbols: VIX (cash index), VXM and VXM01 through VXM53* (futures symbols)
- Contract Expirations: Up to six near-term expiration weeks, nine near-term serial months, and five months on the February quarterly cycle
- Trading Hours:
- Extended: 5:00 p.m. (previous day) to 8:30 a.m. and 3:00 p.m. to 4:00 p.m.
- Regular: 8:30 a.m. to 3:00 p.m. (Chicago time)
- Market Orders: Accepted during regular trading hours, rejected during extended hours
- Trading Platform: CFE System
- Minimum Price Intervals: 0.01 index points ($1.00 per contract)
- Pricing Conventions: Decimal format
- Trade at Settlement (TAS) Transactions: Permitted during extended and regular trading hours, with specific price ranges and increments
- Crossing: Eligible size for cross trade is one contract, with a five-second exposure period
- Pre-Execution Discussions: Five-second order exposure period before taking the other side of an order
- Exchange of Contract for Related Position (ECRP) Transactions: Permitted, with a minimum price increment of 0.005 index points
- Block Trades: Minimum quantity of 2,000 contracts (or 3,000 contracts for a strip)