The following is a short extract from the course "How To Trade The Futures Market", please click here Trade Futures Course for full details on how to obtain the full text, futures trading simulator along with sample data and bonus trading ebooks package.

Find: Trading tick day contract value size index last delivery price.

The Last Trading Day is the last day that contracts can be bought or sold prior to the delivery day. If you hold a contract at the close of the last trading day you will have to receive or deliver the underlying asset of the contract. If you are trading live cattle, for example, it is apparent why you must make sure you close out your positions well before the last trading day (unless you are a farmer). Quotation/Tick Size/Tick Value. The price quote describes how the quote is derived, the tick size is the minimum movement that the price can make and the tick value is the change in value of one contract for a change in price of one tick. Trading Hours stipulate the hours in the business day when the market is open for trading Settlement describes how the contract is settled at expiry. All index futures are settled in cash, so there is no need to be concerned if you have a position open at expiry. 17 FTSE 100 Index Future Contract size: Valued at 10 per index point (e.g. value 65,000 at 6500.0) Delivery months: March, June, September, December (nearest three available for trading) Last trading day: 10:30:30 (London time) - Third Friday in delivery month Quotation: Index points, with one decimal place (e.g.6500.5) Tick size (minimum price movement): 0.5 Tick value: 5.00 Trading hours: 08:00 - 17:30 (London time) E-mini S&P Future Contract size: Valued at $50 per index point (e.g. value 51,500 at 1030.00) Delivery months: March, June, September, December (nearest three available for trading)

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How To Trade The Futures Market

For full details about this detailed course, which includes a futures trading simulator software package complete with some sample trading data, and free trading ebook package please click here Futures Trading Course

If you are more interested in trading the eminis you need to review these emini - e-mini trading courses