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Index Futures - CAC 40 - Mini

 CAC 40® Index Mini Future 
Exchange contract codeMFC
Contract sizeContract valued at € 1 per index point (e.g. value € 4,100 at 4,100.0)
Unit of trading1
Pricing unit/quotationIndex points (e.g. 4,100.0)
Minimum price movement (tick size and value)Central Order Book: 0.5 index point (€ 0.50 per contract)
Large-in-Scale Facility: 0.0001 index point (€ 0.001 per contract)
Expiry months1, 2, 3 monthly
Introduction of new expiry monthsNew expiry months are available for trading on the first business day after the expiry of a maturity.
Wholesale servicesLarge-in-Scale Facility. 
See the “LIS thresholds" document for the minimum size thresholds.
Euronext marketParis
Last trading dayTrading ceases at 16:00 CET/CEST on the third Friday of the delivery month. In the event that the third Friday is not a business day, the Last Trading Day shall normally be the last business day preceding the third Friday.
SettlementCash Settlement based on the EDSP
Settlement dayFirst business day after the Last Trading Day
Exchange Delivery Settlement Price (EDSP)Price determined on the Last Trading Day. Euronext calculates the settlement index as the arithmetic mean of all index values calculated and disseminated between 15:40 and 16:00 CET/CEST, rounded to two decimal places. Such settlement index is taken, and rounded to one decimal place, to produce the closing settlement price[1].
Clearing organizationEuronext Clearing 
Trading hoursCentral Order Book: 08:00 – 22:00 CET/CEST
Large-in-Scale Facility: 07:30 – 22:00 CET/CEST
Trades of both Day session [07:15 - 18:30] and Evening session [18:30 - 22:00] are cleared on the same day of trade execution (T)
Trading platformOptiq
AlgorithmCentral order book applies a price-time trading algorithm with priority given to the first order at the best price.
Last update16 September 2024
 
[1] Please refer to Paris Notice No. 2012–11 issued on 26 July 2012 which provides details of the procedures to be followed when determining the closing settlement price in case of special market circumstances.
[2] A client who does not wish his order to be executed in the evening session must stipulate this condition when placing the order with the intermediary.
 In the United States this product may only be offered and sold to prescribed entities under specified conditions.