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Intercontinental Exchange declares record trading week for NYSE FANG+ Index Futures contract.

M2 EQUITYBITES-February 6, 2018-Intercontinental Exchange declares record trading week for NYSE FANG+ Index Futures contract


Intercontinental Exchange (NYSE:ICE) revealed on Tuesday a record trading week for the NYSE FANG+TM Index futures contract.

Also, the company mentioned that its average daily volume of 3,278 contracts last week and record daily volume on 2 February of 7,884 contracts last week saw record volumes for the new contract over two consecutive days amid increased market volatility.

NYSE FANG+ Index futures are based on the NYSE FANG+ Index and designed to offer hedging, exposure and the capital efficiency of futures to a select group of traded growth stocks of technology enabled companies.

Further, the NYSE FANG+ Index is equally weighted and includes the five core FANG stocks: Facebook, Apple, Amazon, Netflix and Google (Alphabet), together with another five actively-traded technology growth stocks: Alibaba, Baidu, NVIDIA, Tesla and Twitter. It is calculated and disseminated through the ICE Data Global Index Feed under the symbol "NYFANG."

ICE operates regulated exchanges, clearing houses and listings venues for financial and commodity markets in the US, the UK, continental Europe, Israel, Canada and Singapore. It operates in two segments, Trading and Clearing and Data and Listings. Founded in 2000, it is headquartered in Atlanta, Georgia, USA.

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Publication:M2 EquityBites (EQB)
Date:Feb 6, 2018
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