Based on stock market indexes, including Standard and Poor's 500, Value Line, NYSE Composite, Nikkei 225, the Major Market Index, and the Over-the-Counter Index, these instruments are used by investors concerned with price changes in a large number of stocks, or with major long-term trends in the stock market indexes. Stock index futures are settled in cash and are generally quoted in ticks of .05. To determine the contract value, the quote is generally multiplied by $500. The CENTER ONLINE Futures Glossary
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stock index futures UK US noun [plural] (also share index futures)
► FINANCE, STOCK MARKET agreements to buy or sell shares at a particular time in the future at a fixed price that is based on the level of a stock index: »
A Fund may sell stock index futures contracts during a market decline.
Financial and business terms. 2012.