The Z futures market is based upon the FTSE 100 (Financial Times Stock Exchange) stock index, which is the primary stock index of Euronext Liffe in the UK. The FTSE 100 index is calculated using prices of the highest 100 companies (in terms of capitalization) from the London Stock Exchange. The Z futures market is traded on the LIFFE CONNECT electronic trading system from 9:00 AM to 6:30 PM Central European Time. The Z futures market has a daily trading volume of approximately 100000 contracts, and a daily price range of approximately 80 points (160 ticks).
Companies
As of June 2007, the FTSE 100 index includes the following 100 companies :
- 3I
- Alliance & Leicester
- Alliance Boots
- AMVESCAP
- Anglo American
- Antofagasta
- Associated British Foods
- AstraZeneca
- Aviva
- BAE Systems
- Barclays Bank
- Barratt Developments
- BG Group
- BHP Billiton
- BP
- Brambles Industries
- British Airways
- British American Tobacco
- British Land Company
- British Sky Broadcasting Group
- BT Group
- Cadbury Schweppes
- Capita Group
- Carnival
- Centrica
- Compass Group
- Daily Mail and General Trust
- Diageo
- Drax Group
- DSG International
- Enterprise Inns
- Experian
- Friends Provident
- Gallaher Group
- GlaxoSmithKline
- Hammerson
- Hanson
- HBOS
- Home Retail Group
- HSBC
- ICAP
- Imperial Chemical Industries
- Imperial Tobacco
- InterContinental Hotels Group
- International Power
- ITV
- J. Sainsbury
- Johnson Matthey
- Kazakhmys
- Kelda Group
- Kingfisher
- Land Securities Group
- Legal & General
- Liberty International
- Lloyds TSB
- Lonmin
- Man Group
- Marks and Spencer
- Mitchells and Butlers
- Wm Morrison Supermarkets
- National Grid
- Next
- Northern Rock
- Old Mutual
- Pearson
- Persimmon
- Prudential
- Reckitt Benckiser
- Reed Elsevier
- Resolution
- Reuters Group
- Rexam
- Rio Tinto Group
- Rolls Royce Group
- Royal & Sun Alliance Insurance
- Royal Bank of Scotland Group
- Royal Dutch Shell
- SABMiller
- Sage Group
- Schroders
- Scottish & Newcastle
- Scottish & Southern Energy
- Severn Trent
- Shire Pharmaceuticals Group
- Slough Estates
- Smith & Nephew
- Smiths Group
- Standard Chartered Bank
- Standard Life
- Tate & Lyle
- Tesco
- Unilever
- United Utilities
- Vedanta Resources
- Vodafone
- Whitbread
- Wolseley
- WPP Group
- Xstrata
- Yell Group
Contract Specifications
The full contract specifications for the Z futures market are as follows :
- Symbol (IB / Sierra Chart Format) : Z
- Expiration date (as of June 2007) : June 15 2007
- Exchange : LIFFE
- Currency : GBP
- Multiplier / Contract value : 10 GBP
- Tick size / Minimum price change : 0.5
- Tick value / Minimum price value : 5 GBP
Holidays
In 2007, the Z futures market is open for trading every trading day (Monday to Friday), except for the following holidays :
- January 01
- April 06
- April 09
- May 01
- May 28
- December 24
- December 25
- December 26
- December 31
