Home / Knowledge / News / Textiles / NYBOT announces revision to Russell 1000 mini-sized contract

NYBOT announces revision to Russell 1000 mini-sized contract

May '07
The New York Board of Trade (NYBOT) announced revisions to the NYBOT Russell 1000 mini-sized contract in preparation for listing on the electronic trading platform of IntercontinentalExchange.

Effective Wednesday, May 2, the September 2007, December 2007 and March 2008 Russell 1000 Mini futures contracts (“Russell Mini”, symbol RM) have been delisted, with a new contract size to be introduced in its place. No new mini contract months will be listed under the RM symbol. Thursday, June 14, 2007 will be the last day of trading for the current Russell Mini (symbol RM) contract.

NYBOT will replace the current Russell Mini futures contract, which has a multiplier of $50 times the Index, with a larger Russell 1000 Mini contract. The new Russell 1000 mini contract will have a $100 multiplier, doubling the current size of the contract.

The new contract will have symbol RF, and will follow the same quarterly calendar cycle of March, June, September and December contract months. The first contract, expiring in September 2007, will begin trading on the NYBOT floor on Friday, May 11, 2007.

Also effective, NYBOT has revised the computation process for volume and open interest totals for the Russell 1000 Index regular and mini futures contracts. Under the new procedures, separate volume and open interest figures will be calculated and published for each month of both the full-size and the mini futures contracts.

Under existing procedures, a single open interest figure has been calculated which aggregates the regular and mini open interest in the same contract month; this number has been published as the open interest for the respective mini contract month, and no information has been published for the full-size contract.

New York Board of Trade

Must ReadView All

Pic: Shutterstock

Textiles | On 16th Oct 2021

China's economic growth reflects strong resilience, vitality: Li

Premier Li Keqiang has said China is capable and confident of...

Pic: Shutterstock

Apparel/Garments | On 16th Oct 2021

BGMEA urges Bangladesh govt to reskill & upskill RMG workers

The Bangladesh Garment Manufacturers and Exporters Association...

Pic: Shutterstock

Retail | On 16th Oct 2021

UK retail sales rises by 0.6% in Sep 2021; figure 5.6% in Sep 2020

Total UK retail sales rose by 0.6 per cent in September this year...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Water stewardship, Stakeholders

Water stewardship

Water use efficiency remains relatively unexplored

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Vikash & Vishal Pacheriwal,

Vikash & Vishal Pacheriwal

Launched in 2018, Raisin is a contemporary fusion fashion brand that aims...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Shlomzion Chen, Seevix

Shlomzion Chen

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Silverio Baranzano, Fitesa

Silverio Baranzano

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj

Samshek is a fashion forward tech brand which combines digital experience...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search