Bloomberg 100 Index Futures
An alternative way to gain exposure to U.S. large cap equity markets.
What is the Bloomberg® 100 Index (B100)?
The Bloomberg® US 100 Price Return Index is modified market-capitalization weighted index of the 100 highest capitalized companies with a sector classification of Tech, Health Care, Consumer Staples, Consumer Discretionary, or Communications.
Bloomberg 100 Index Data
Data is delayed by at least 10 minutes. Time set to UTC.
Key Product Features
Competitive Fees - Providing a new, lower cost way to gain U.S. equity exposure.
Free Market Data - Making data accessible to all.
MIAX Technology - High-performance, low-latency electronic trading on the MIAX Futures Onyx platform.
Tini Contracts - Smaller national sizes help fine-tune exposure and make index futures more accessible.
Smaller Tick Minimums - Competitive minimum tick sizes to help manage entry, exit and basis risk at lower cost.
Margin & Capital Efficiencies - Trading U.S. equity exposure with a fraction of the capital required for stocks or ETFs. Futures products will be cleared at the Options Clearing Corporation (OCC).
Extended Trading Hours - Sunday to Friday, 23/5 trading with a brief evening pause.
Cash-Settled - No Delivery, no complexity.
Tax Advantages - Potential 60/40 blended capital gains treatment.
B100 Futures Contract Specifications
| TINI B100 INDEX FUTURES | |
|---|---|
| Onyx Ticker Symbol | TBQ |
| Bloomberg Ticker | TQPA Index |
| Cash Index Ticker Symbol | BQX |
| Trading Hours | Sunday to Friday - 6:00 p.m. to 5:00 p.m. ET (A pause in trading occurs from 5:00 p.m. to 6:00 p.m. ET) |
| Contract Multiplier | $10.00 x Bloomberg US 100 Price Return Index |
| Contract Months | Quarterly contracts (March, June, September, December) |
| Currency | USD |
| Minimum Price Increment | The minimum price increment in the Tini B100 Futures Contract for outrights will be 0.10 index points, which has a value of $1.00. For calendar spreads, the individual legs and net prices will be 0.05 index points, which has a value of $0.50. |
| Termination of Trading | 9:30 a.m. ET on the third Friday of the contract month, if that day is an exchange holiday, then it will be the preceding business day |
| Settlement Method | Financial |
B100 Resources
The launch of the futures and options are pending certain regulatory filings and approvals.
This information is provided for general education and informational purposes only. There are important risks associated with transacting in any of the products discussed herein. Before engaging in any transactions in those products, it is important for market participants to carefully review the relevant rules, disclosures and disclaimers. These products are complex and are suitable only for sophisticated market participants. In certain jurisdictions, the products are only permitted for investment professionals, certified sophisticated investors, or high net worth individuals. These products involve the risk of loss, which can be substantial and, depending on the type of product, can exceed the amount of money deposited in establishing the position. Market participants should put at risk only funds that they can afford to lose without affecting their lifestyle.
“Bloomberg®” and the indices referenced herein (the “Indices”, and each such index, an “Index”) are trademarks or service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Index (collectively, “Bloomberg”) and/or one or more third-party providers (each such provider, a “Third-Party Provider,”) and have been licensed for use for certain purposes to Miami International Holdings, Inc. (the “Licensee”). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third-party products, company names and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg is not affiliated with the Licensee or a Third-Party Provider, and Bloomberg does not approve, endorse, review, or recommend the financial products referenced herein (the “Financial Products”). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Indices or the Financial Products.