FTSE 100 Index Future specifications
ICE Futures Europe (ICE Futures Europe), equity index
- Tick
- £50.5 per tick
- One point
- £10per contract
- Initial margin
- £5,201exchange, as of 27 Oct 2026
- Front contract
- ZZ26roll by 11 Dec 2026
Specs checked as of How we source this
Contract terms
| Symbol | Z |
|---|---|
| Exchange | ICE Futures Europe (ICE Futures Europe) |
| Contract unit | £10 × FTSE 100 Index |
| Price quotation | index points |
| Tick size | 0.5 |
| Tick value | £5 per contract |
| Value of one point | £10 per contract |
| Currency | GBP |
| Contract months | Mar (H), Jun (M), Sep (U), Dec (Z) |
| Settlement | Cash-settled |
| Trading hours | Trading 01:00–21:00 London time Monday–Friday (pre-open from 00:35). On the last trading day the expiring contract stops shortly after 10:15. Hours in your time zone |
| Expiry | Last trade: 3rd Friday of the contract month (shortly after 10:15 London), or the business day before. Cash settled. Next expiries |
| Exchange specification | https://www.ice.com/products/38716764/FTSE-100-Index-Future |
What these terms mean
The FTSE 100 Index Future futures contract (Z) is listed on ICE Futures Europe. One contract represents £10 × FTSE 100 Index, and prices are quoted in index points. The minimum price movement, or tick, is 0.5, worth £5 per contract. A move of one full point is therefore worth £10 per contract, and every profit, loss and margin figure for Z scales from those two numbers.
Z is listed for these contract months: Mar (H), Jun (M), Sep (U), Dec (Z). Z is cash-settled: positions still open at expiry are closed against a final settlement price, with no delivery of anything. The rollover page lists the next expiries and the dates that matter for each.
The values on this page come from the exchange's own contract specification and were last checked on 27 Oct 2026. Exchanges amend contract terms from time to time, most often trading hours and tick sizes. Where a value here disagrees with the exchange, the exchange is right; the methodology page explains how each field is checked, and any field we have not confirmed against the exchange is marked on this page.
Related contracts
- DAX Futures (FDAX): tick value €25
Compare
- FDAX vs Z: DAX Futures and FTSE 100 Index Future
Sources
- https://www.ice.com/products/38716764/FTSE-100-Index-Future: all contract terms; read from exchange page 2026-10-27
Questions
- What is the tick size of Z?
- The minimum price movement of FTSE 100 Index Future futures is 0.5, worth £5 per contract.
- How much is one point of Z worth?
- One full point is worth £10 per contract.
- Is Z cash-settled or physically delivered?
- Z is cash-settled.