Category: Equity Index Futures / International Index Futures
The EFE MSCI EAFE Futures have been developed to track the price (performance) of the MSCI EAFE Index
(EFV). They were introduced and become available for trading in 2006 year. The MSCI EAFE are traded on
the Chicago Merchandise Exchange (CME).
The EFE MSCI EAFE Futures belongs to the group of the "International Index" futures from the
"Equity Index" futures category.
The value of the one EFE MSCI EAFE Futures contracts is $50 times the value of the
MSCI EAFE Index. If for example, the MSCI EAFE Index (EFV) is traded at $60, the
value of one future contracts gives to a furfures trader a buying power that is equivalent to $3,000
(50 times bigger). Furthermore, if the MSCI EAFE Index moves up or drops down for one point, the MSCI EAFE contract
increase or decline in its value by $50. The tick size (minimum price
fluctuation) of the EFE MSCI EAFE Futures contract is 0.1 which correspond to $5.00.
The EFE MSCI EAFE Futures are traded under the "EFE" symbol and the regular
trading hours for futures are from 5 p.m. EST to 3:15 p.m. EST on the next trading
day. The EFE futures contracts are classified by the month of expiration. The EFE futures expire on the third Friday of March, June, September and December. Based
on the expiration, the year's number and month's letter are added to the futures
symbol for its identification.
The EFE futures that expire in March have "H"
letter added, June expiration futures have "M" letter added, for September
expiration futures "U" letter is used and those futures that expire in December
have "Z" letter added at the end. Furthermore, the EFE MSCI EAFE Futures that
expire in December 2024 are traded under the "EFE4Z" symbol, the March 2025 expiration contracts are traded under the "EFE5H"
symbol, June 2025 expiration MSCI EAFE have "EFE5M" symbol and the ones that expire in September 2025 are listed
under the "EFE5U" symbol.
| Ticker Symbol: | EFE |
| Commodity: | MSCI EAFE Index (EFV) |
| Available for trading since: | 2006 |
| Expiration Cycle: | Four times a year on third Friday of March, June, September and December. Next four expirations are EFE4Z - December 2024 EFE5H - March 2025 EFE5M - June 2025 EFE5U - September 2025 |
| Contract Size: | $50 x MSCI EAFE Index price |
| Minimum Tick Size: | 0.1 = $5.00 |
| Traded on: | Chicago Merchandise Exchange (CME) |
Naked options trading is very risky - many people lose money trading them. It is recommended contacting your broker or investment professional to find out about trading risk and margin requirements before getting involved into trading uncovered options.