Narrow based index cftc
2 Apr 2012 By hedging the trades through single-stock futures contracts and narrow-based stock index futures, RBC was able to reduce its exposure to Narrow-Based Security Index: In general, the Commodity Exchange Act defines a narrow-based security index as an index of securities that meets one of the following four requirements (1) it has nine or fewer components; (2) one component comprises more than 30 percent of the index weighting; (3) the five highest weighted components comprise more (1) Solely with respect to a swap that is traded on or subject to the rules of a designated contract market, swap execution facility or foreign board of trade pursuant to the Commodity Exchange Act (7 U.S.C. 1 et seq.), an index that becomes a narrow-based security index under paragraph (b) of this section solely because it was a narrow-based The agreement provides for joint jurisdiction between the CFTC and the SEC over single stock futures and narrow-based stock indices, both defined as security futures. Broad-based indices, as defined below, will remain under the CFTC’s jurisdiction. Broad-Based Stock Indices. If a futures contract on a stock index satisfies either of the Narrow-Based Stock Index Futures shall be based on such indices consisting of two or more underlying securities, which satisfy the requirements set forth in CFTC Regulation 41.21(b), as determined by the Exchange. 35102.B. Trading Hours Narrow-Based Stock Index Futures shall be traded during such hours, as determined by the Exchange. In general, the Commodity Exchange Act defines a narrow-based security index as an index of securities that meets one of the following four requirements (1) it has nine or fewer components; (2) one component comprises more than 30 percent of the index weighting; (3) the five highest weighted components comprise more than 60 percent of the index weighting, or (4) the lowest weighted components COMMODITY FUTURES TRADING COMMISSION SECURITIES AND EXCHANGE COMMISSION Release No. 34-49469 Joint Order Excluding Indexes Comprised of Certain Index Options from the Definition of Narrow-Based Security Index pursuant to Section 1a(25)(B)(vi) of the Commodity Exchange Act and Section 3(a)(55)(C)(vi) of the Securities Exchange Act of 1934
In general, the Commodity Exchange Act defines a narrow-based security index as an index of securities that meets one of the following four requirements (1) it has nine or fewer components; (2) one component comprises more than 30 percent of the index weighting; (3) the five highest weighted components comprise more than 60 percent of the index weighting, or (4) the lowest weighted components
15 Sep 2015 The issue in contention between the CFTC and the SEC is whether the Dividend Index is a security future (and in particular, a narrow-based 25 Mar 2004 Futures contracts on single securities and on narrow-based security indexes ( collectively, "security futures") are jointly regulated by the CFTC stocks and narrow-based stock indexes; (8) in response to calls to repeal the accord trading prohibitions, SEC, the U.S. securities exchanges, the President's on individual stocks and narrow-based indexes (referred to as "stock fu- indexes. The CFTC's jurisdiction over securities futures, however, was limited.
(CFTC) concluded that the ability of primary government securities dealers to By using futures contracts based on a broad index of stocks, eq- 59 Studies have also shown that stock spreads do not widen but narrow following the intro-.
This is in contrast to security futures products, including futures on narrow-based security indexes, which are subject to the joint jurisdiction of the CFTC and the Congress added a definition of “narrow-based security index” to distinguish between futures on narrow-based security indexes, which are jointly regulated by Listing standards are discussed below. Futures on Narrow-Based Security Indexes A futures contract based on an index of two or more securities may be traded as Indexes Underlying Contracts of Foreign Boards of Trade Authorized by the CFTC until June 21, 2002, a security index is not a narrow-based security index if:. 15 Sep 2015 The issue in contention between the CFTC and the SEC is whether the Dividend Index is a security future (and in particular, a narrow-based 25 Mar 2004 Futures contracts on single securities and on narrow-based security indexes ( collectively, "security futures") are jointly regulated by the CFTC stocks and narrow-based stock indexes; (8) in response to calls to repeal the accord trading prohibitions, SEC, the U.S. securities exchanges, the President's
Narrow-Based Security Index: In general, the Commodity Exchange Act defines a narrow-based security index as an index of securities that meets one of the
The agreement provides for joint jurisdiction between the CFTC and the SEC over single stock futures and narrow-based stock indices, both defined as security This is in contrast to security futures products, including futures on narrow-based security indexes, which are subject to the joint jurisdiction of the CFTC and the
This is in contrast to security futures products, including futures on narrow-based security indexes, which are subject to the joint jurisdiction of the CFTC and the
Narrow-Based Security Index: In general, the Commodity Exchange Act defines a narrow-based security index as an index of securities that meets one of the following four requirements (1) it has nine or fewer components; (2) one component comprises more than 30 percent of the index weighting; (3) the five highest weighted components comprise more (1) Solely with respect to a swap that is traded on or subject to the rules of a designated contract market, swap execution facility or foreign board of trade pursuant to the Commodity Exchange Act (7 U.S.C. 1 et seq.), an index that becomes a narrow-based security index under paragraph (b) of this section solely because it was a narrow-based
Narrow-Based Stock Index Futures shall be based on such indices consisting of two or more underlying securities, which satisfy the requirements set forth in CFTC Regulation 41.21(b), as determined by the Exchange. 35102.B. Trading Hours Narrow-Based Stock Index Futures shall be traded during such hours, as determined by the Exchange. In general, the Commodity Exchange Act defines a narrow-based security index as an index of securities that meets one of the following four requirements (1) it has nine or fewer components; (2) one component comprises more than 30 percent of the index weighting; (3) the five highest weighted components comprise more than 60 percent of the index weighting, or (4) the lowest weighted components COMMODITY FUTURES TRADING COMMISSION SECURITIES AND EXCHANGE COMMISSION Release No. 34-49469 Joint Order Excluding Indexes Comprised of Certain Index Options from the Definition of Narrow-Based Security Index pursuant to Section 1a(25)(B)(vi) of the Commodity Exchange Act and Section 3(a)(55)(C)(vi) of the Securities Exchange Act of 1934 The CFTC and SEC previously have issued guidance with respect to volatility indexes and debt security indexes, and how to determine whether such indices are "narrow-based." A volatility index is not considered a narrow-based security index (i.e., it is a broad-based security index) when it meets all of the following criteria: