ICE Futures U.S. introduced NYSE FANG+ Index futures in Q4 2017. The underlying NYSE FANG+ Index was developed by the NYSE and includes 10 actively traded stocks that represent some of the top innovators across today’s tech-oriented companies. The current index composition includes the five core FANG stocks - Facebook, Apple, Amazon, Netflix and Google (Alphabet) - plus another five actively-traded technology growth stocks - Alibaba, Baidu, NVIDIA, Tesla and Twitter. The index is equally weighted and reconstituted on a quarterly basis, providing a performance benchmark that allows participants to take direct advantage of the capital efficiency of futures.
The unique composition and construction of the NYSE FANG+ Index has resulted in its outperformance of other major indexes Over the past three years, the NYSE FANG+ Index has displayed a 35% annualized return as compared to 15% for the NASDAQ-100®, and 10% for the S&P 500®.
NYSE FANG+ Index futures have received a significant amount of media attention and the Exchange has seen strong interest from a variety of participants including retail, asset managers, CTAs, institutions, and trading desks. More information on the NYSE FANG+ Index’s performance, data, and futures contract can be found at theice.com/fangplus.
For market participants, ICE offers several FANG+ incentive programs including the following Broker Rebate Program:
FANG+ Index Broker Incentive Program
- Brokers enrolled in the program are eligible to receive $.25/side rebate for trades done by customers of the broker.
- There is a minimum monthly threshold of 400 sides ($100) for the Broker to be eligible to receive rebates.
- Volume cleared by the broker that is eligible for another FANG+ reduced fee program is not eligible for rebates in this program.
For more information, please contact Ted Doukas at 312-836-6712 or at ted.doukas@theice.com
