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## Service Navigation

# SMI® Futures

## SMI® Futures (FSMI)

- Product ISIN
- CH0008616432
- Underlying ISIN
- CH0009980894

- Currency
- CHF

## Latest

#### Prices/Quotes

Displayed data is 15 minutes delayed.Last trade:**Dec 13, 2018 19:38:18**

Orderbook

Opening price | High | Low | Bid price | Bid vol | Ask price | Ask vol | Diff. to prev. day last | Last price | Date | Time | Daily settlem. price | Traded contracts | Open interest (adj.) | Open interest date | Last trading day |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

8,867.00 | 8,881.00 | 8,791.00 | 8,813.00 | 2 | 8,817.00 | 10 | -0.27% | 8,818.00 | 12/13/2018 | 19:38:18 | 8,819.00 | 40,996 | 197,927 | 12/13/2018 | 12/13/2018 |

#### Statistics

Data is for**Dec 12, 2018** Last update:**Dec 13, 2018 00:00:00**

Delivery month | Opening price | Daily high | Daily low | Last price | Settlem. price | Traded contracts | Open interest |
---|---|---|---|---|---|---|---|

Dec 18 | 8,744.00 | 8,875.00 | 8,710.00 | 8,842.00 | 8,856.000 | 73,815 | 223,433 |

Mar 19 | 8,658.00 | 8,778.00 | 8,617.00 | 8,765.00 | 8,760.000 | 23,740 | 63,001 |

Jun 19 | 8,484.00 | 8,588.00 | 8,455.00 | 8,588.00 | 8,584.000 | 2,038 | 14,508 |

Total | 99,593 | 300,942 |

#### Vendor Codes

Vendor Name | Vendor Code |
---|---|

Bloomberg L.P. | SMA Index CT |

ComStock | <17>l,FSMImy |

CQG | SW |

SIX Telekurs | FSMI |

Thomson Financial | FSMI/F.EX* |

thomsonreuters | <0#FSMI:> |

vwd | 16501 |

## Trading

#### Contract Specifications

**Contract Standard**

Contract | Product ID | Underlying |

SMI® Futures | FSMI | SMI®, the blue chip index of SIX Swiss Exchange |

SMIM® Futures | FSMM | SMI® Mid, the mid cap index of SIX Swiss Exchange |

SLI® Futures | FSLI | SLI Swiss Leader Index®, the blue chip index with capped weightings of SIX Swiss Exchange |

**Settlement**

Cash settlement, payable on the first exchange day following the Final Settlement Day.

**Contract Values and Price Gradations**

Contract | Contract Value | Minimum Price Change | |

Points | Value | ||

SMI® Futures | CHF 10 | 1 | CHF 10 |

SMIM® Futures | CHF 10 | 1 | CHF 10 |

SLI® Futures | CHF 10 | 0.1 | CHF 1 |

**Contract Months**

*Standard - up to 9 months:* The three nearest quarterly months of the March, June, September and December cycle.

**Last Trading Day and Final Settlement Day**

Last Trading Day is the Final Settlement Day.

Final Settlement Day is the third Friday of each maturity month if this is an exchange day; otherwise the exchange day immediately preceding that day.

Close of trading in the maturing futures on the Last Trading Day is at 09:00 CET.

**Daily Settlement Price**

The Daily Settlement Prices for the current maturity month are derived from the volume-weighted average of the prices of all transactions during the minute before 17:20 CET (reference point), provided that more than five trades transacted within this period.

For the remaining maturity months, the Daily Settlement Price for a contract is determined based on the average bid/ask spread of the combination order book.

**Final Settlement Price**** **The Final Settlement Price is established by Eurex on the Final Settlement Day of the contract and is determined by the value of the respective index, based on SIX Swiss Exchange opening prices of the respective index component shares.

Further details are available in the clearing conditions and the contract specifications.**SMIM® Futures and SLI Swiss Leader Index® Futures are available for trading in the U.S.**

#### Trading Calendar

- 01 Jan 2018Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

- 02 Jan 2018Equity Index Derivatives | Switzerland | Holiday
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

- 02 Jan 2018Fixed income derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Products Derivatives | FX Derivatives | Switzerland | Holiday
No cash payment in CHF

- 19 Feb 2018Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange traded commodities derivatives | FX Derivatives | Brazil | Canada | Russia | USA | Holiday
No cash payment in USD

- 30 Mar 2018Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | FX Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

- 02 Apr 2018Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

- 01 May 2018Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

- 10 May 2018Equity Index Derivatives | Switzerland | Holiday
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

- 10 May 2018Equity Index Derivatives | Austria | Finland | Holiday
Eurex is closed for trading and exercise in Austrian and Finnish equity index derivatives

- 10 May 2018Fixed income derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Products Derivatives | FX Derivatives | Switzerland | Holiday
No cash payment in CHF

- 21 May 2018Equity Index Derivatives | Switzerland | Holiday
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

- 21 May 2018Equity Index Derivatives | Austria | Holiday
Eurex is closed for trading and exercise in Austrian equity index derivatives

- 21 May 2018Equity Index Derivatives | Germany | Holiday
Eurex is closed for trading and exercise in German equity index derivatives

- 21 May 2018Fixed income derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Products Derivatives | FX Derivatives | Switzerland | Holiday
No cash payment in CHF

- 28 May 2018Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange traded commodities derivatives | FX Derivatives | Brazil | Canada | Russia | USA | Holiday
No cash payment in USD

- 31 May 2018Equity Index Derivatives | Austria | Holiday
Eurex is closed for trading and exercise in Austrian equity index derivatives

- 22 Jun 2018Equity Index Derivatives | Finland | Holiday
Eurex is closed for trading and exercise in Finnish equity index derivatives

- 04 Jul 2018Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange traded commodities derivatives | FX Derivatives | Brazil | Canada | Russia | USA | Holiday
No cash payment in USD

- 01 Aug 2018Equity Index Derivatives | Switzerland | Holiday
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

- 01 Aug 2018Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Products Derivatives | Interest Rate Derivatives | FX Derivatives | Switzerland | Holiday
No cash payment in CHF

- 15 Aug 2018Equity Index Derivatives | Austria | Holiday
Eurex is closed for trading and exercise in Austrian equity index derivatives

- 03 Sep 2018
No cash payment in USD

- 03 Oct 2018Equity Index Derivatives | Germany | Holiday
Eurex is closed for trading and exercise in German equity index derivatives

- 08 Oct 2018
No cash payment in USD

- 26 Oct 2018Equity Index Derivatives | Austria | Holiday
Eurex is closed for trading and exercise in Austrian equity index derivatives

- 01 Nov 2018Equity Index Derivatives | Austria | Holiday
Eurex is closed for trading and exercise in Austrian equity index derivatives

- 12 Nov 2018
No cash payment in USD

- 15 Nov 2018
No cash payment in USD

- 22 Nov 2018
No cash payment in USD

- 06 Dec 2018Equity Index Derivatives | Finland | Holiday
Eurex is closed for trading and exercise in Finnish equity index derivatives

- 24 Dec 2018Volatility Derivatives | Property Derivatives | FX Derivatives | Interest Rate Derivatives | Equity Index Derivatives | Exchange Traded Products Derivatives | Equity Derivatives | Dividend Derivatives | Commodity Derivatives | Holiday
Eurex is closed for trading in all derivatives

- 25 Dec 2018
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

- 26 Dec 2018Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | FX Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

- 31 Dec 2018Commodity Derivatives | Dividend Derivatives | Equity Derivatives | Exchange Traded Products Derivatives | Equity Index Derivatives | Interest Rate Derivatives | Property Derivatives | FX Derivatives | Volatility Derivatives | Holiday
Eurex is closed for trading in all derivatives

- 01 Jan 2019
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

#### Trading Hours

##### Regular Trading Day

Pre-Trading | Trading | Post-Trading | |||
---|---|---|---|---|---|

Full | Late1 | Late2 | Restricted | ||

07:30 | 07:50 | 22:00 | 22:30 |

##### Last Trading Day

Pre-Trading | Trading | Post-Trading | |||
---|---|---|---|---|---|

Full | Late1 | Late2 | Restricted | ||

07:30 | 07:50 | 09:00 |

#### Transaction Fees

Fee Type | Fee |
---|---|

Exchange transactions: Standard fees (A-accounts) | CHF 0.50 per contract |

Exchange transactions: Standard fees (M- and P-accounts) | CHF 0.40 per contract |

TES transactions: Standard fees (A-accounts) | CHF 0.60 per contract |

TES transactions: Standard fees (M- and P-accounts) | CHF 0.60 per contract |

Position Closing Adjustments | CHF 1.00 per contract |

Cash settlement | CHF 0.50 per contract |

Position transfer with cash transfer | CHF 13.00 per transaction |

#### Block Trades

Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 500 contracts.

## Parameters

#### Maximum Spreads

Maximum Spread (in index points) |

1 |

In Fast Market, the Maximum Spread is increased by 100 percent.

#### Minimum Quote Size

5 contracts on the bid and ask side.

The minimum quote duration is 70 percent of the trading hours between 09:00 and 17:20 CET

(on a monthly average). The front month has to be quoted; five exchange days preceding the last trading day, Market Makers may choose to quote either the front month or the second contract month.

In Fast Market, the minimum quote size is reduced by 50 percent.

#### Market Makers

Tibra Trading Europe Limited

Saul Watson

T +44 (0)20 3100 9160

Market Maker ID: TTELO

DAX® Options

SMI® Options

Eurex Daily Futures on KOSPI 200 Options

EURO STOXX 50® Index OptionsEquity Options Weekly Options

Winchmore Capital LLP

Tony Stewart

T +44 207 858 9005

Market Maker ID: WICLO

EURO STOXX 50® Index Options

DAX® Options

SMI® OptionsEquity Options Weekly Options

WEBB Traders

Marco van den Berg

T +31 (0)20 714 0 714

Market Maker ID: WEBAM

Eurex Daily Futures on KOSPI 200 Options

SMI® Options

TecDAX® Options

MDAX® Options

DivDAX® Options

DAX® Options

EURO STOXX 50® Index OptionsEquity Options Belgium

Equity Options Switzerland

Equity Options Germany

Equity Options France

Equity Options Great Britain

Equity Options Italy

Equity Options NetherlandsEquity Options Weekly Options

Basler Kantonalbank

Damir Cavka

T +41 (0)61 269 56 35

Market Maker ID: BKBBS

Equity Options Switzerland

#### Mistrade Ranges

A deviation of the mistrade transaction price from the reference price shall be deemed significant if the price of the mistrade transaction deviates from the reference price more than 20 percent of the price change percentile for the corresponding futures contract, unless another regulation has been made for an individual product.

#### Crossing Parameters

(section 2.6 Eurex Trading Conditions)

(1) Orders and quotes relating to the same instrument or combined instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Participant (a cross trade) nor pursuant to a prior understanding by two different Exchange Participants (a pre-arranged trade), unless the conditions according to Paragraph 3 have been fulfilled. The same shall apply for the entry of orders as part of a quote.

(2) An Exchange Participant may submit a description of his internal and external links to the EDP system of Eurex Deutschland to the Market Surveillance Office of Eurex Deutschland with a view to a decision on whether the Exchange Participant acted knowingly within the meaning of Paragraph 1. The details of the specifications of the description of the IT linkage pursuant to Sentence 1 shall be determined by the Surveillance Office of Eurex Deutschland in agreement with the Management Board of Eurex Deutschland.

(3) A cross trade or a pre-arranged trade is admissible if a participant in a cross-trade or a pre-arranged trade, prior to entering his order or quote into the EDP system of Eurex Deutschland, announces his intention to execute a corresponding number of contracts as cross-trades or pre-arranged trades in the order book (“cross request”). The order or quote giving rise to the cross trade or pre-arranged trade must be entered one second at the earliest and 61 seconds at the latest with regard to Money Market Futures contracts, Fixed Income Futures contracts, options on Money Market Futures contracts and options on Fixed Income Futures contracts, respectively 31 seconds at the latest with regard to all other futures and option contracts after having entered the cross request. The purchasing Exchange Participant shall bear the responsibility for compliance with the content of the cross request entry. Entering a cross request without subsequently entering the respective order or quote is not admissible.

(4) Paragraphs 1 and 3 shall not apply to transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).

(5) Paragraph 1 shall apply mutatis mutandis to other behaviour constituting evasion of this regulation.

## Orderbook

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