Record 27,876 Micro NYSE FANG+ Index Futures Trade on January 4, 2022

Strategic Insights -

A record 27,876 Micro NYSE FANG+ Index futures traded on January 4, 2022, marking a strong start to 2022 for the NYSE FANG+ Index futures market. This milestone follows a remarkable year for the U.S. technology sector, with the NYSE FANG+ Index consistently outperforming other indices, producing an annualized gross total return of 31.93% from September 19, 2014 to December 31, 2021. The NYSE FANG+ Index futures market has seen steady growth in market participation in 2021, with the notional value of the MICRO NYSE FANG+ Index futures contract reduced in September 2020 to provide greater flexibility, cost efficiency, and accessibility for a wider range of participants.

Key Takeaways:

  • The NYSE FANG+ Index futures market saw a record 27,876 trades on January 4, 2022, a significant increase in market participation.
  • The NYSE FANG+ Index has consistently outperformed other indices, producing an annualized gross total return of 31.93% from September 19, 2014 to December 31, 2021.
  • The notional value of the MICRO NYSE FANG+ Index futures contract was reduced in September 2020 to provide greater flexibility, cost efficiency, and accessibility for a wider range of participants.
  • The NYSE FANG+ Index futures market has seen steady growth in market participation in 2021, with a focus on providing greater accessibility and efficiency for a wider range of participants.
  • The index includes 10 highly-traded technology and tech-related companies, including Alibaba, Amazon, Apple, Baidu, Facebook (Meta Platforms), Google (Alphabet), Microsoft, Netflix, NVIDIA, and Tesla.
  • Intercontinental Exchange (ICE), the operator of the NYSE FANG+ Index futures market, has reduced the notional value of the contract to approximately $35,000, making it more accessible to a wider range of participants.

Statistics:

  • 27,876 Micro NYSE FANG+ Index futures traded on January 4, 2022.
  • The NYSE FANG+ Index has produced an annualized gross total return of 31.93% from September 19, 2014 to December 31, 2021.
  • The notional value of the MICRO NYSE FANG+ Index futures contract was reduced in September 2020 to approximately $35,000.

Sources:

  • Intercontinental Exchange (ICE)
  • Intercontinental Exchange website: https://www.theice.com/fangplus
  • Businesswire.com: https://www.businesswire.com/news/home/20220106005442/en/