Types of index derivatives
S&P/ASX 200 Gross Total Return index futures
S&P/ASX 200 Gross Total Return index futures is anticipated to launch 3 June 2019 (subject to regulatory approval). This index suits the total return benchmark needs of asset managers in Australia as it re-invests dividends.
ASX has been able to attract Market Makers to ensure liquidity in the futures contract from launch.
ASX Mini SPI 200 index futures
ASX's Mini SPI futures launch 12 October 2015. The product provides exposue to the same benchmark S&P/ASX 200 index as the headline SPI futures contract but with a smaller notional value. At $5 per index point the ASX Mini SPI index futures allows smaller institutions and retail investors a more succint hedge or trading exposure that better suits thier needs.
Two official market makers will provide two way prices from 12 October 2015.
ASX SPI 200 index futures
ASX SPI 200 index futures (also known as SPI futures) is the benchmark derivative product for investors trading and hedging in the Australian equity index market. Traded on the Trade 24 platform, SPI futures enable investors to trade movements in the S&P/ASX 200 index in a single transaction, allowing exposure to Australia’s top 200 companies without having to buy or sell shares in every company in the index. SPI futures are approved for trading by the US Commodities Futures Trading Commission (CFTC) and the UK Financial Services Authority (FSA).
S&P/ASX 200 A-REIT index futures
S&P/ASX 200 A-REIT index futures (also known as mini property futures or XPJ index futures) began trading in 2002 and are now widely traded by fund managers.
S&P/ASX 200 A-REIT index futures provide exposure to this important and growing sector of the Australian sharemarket. These contracts are traded on the ASX Trade platform and margin offsets apply. They are registered, cleared and settled by ASX's wholly owned subsidiary, ASX Clear Pty Limited (ASX Clear). You can use shares as collateral to cover initial margins. Volumes in the contract have grown steadily since inception.
ASX Sector Futures
ASX launched S&P/ASX 200 Resources Index Futures and S&P/ASX 200 Financials-x-A-REIT Index Futures on 14 October 2013. The availability of sector futures increases the number of exchange-traded instruments available to market participants to manage Australian equity market exposure. While ASX SPI 200™ Futures enable participants to trade and hedge movements in the broader Australian equity market – as measured by the S&P/ASX 200 Index – sector futures offer a more specific focus.
Futures over the S&P/ASX 200 Resources Index and the S&P/ASX 200 Financials-x-A-REIT Index provide an exchange-traded solution to those participants seeking to obtain and manage exposure to the two largest sectors of the Australian economy.