Equity Index Futures Trading Mechanisms Guide

This guide provides detailed information on various trading mechanisms available for Equity Index futures at CME Group, specifically focusing on TACO, TMAC, and BTIC functionalities. It outlines the cash open, close, and futures fixing prices for today and future dates, including examples of how these prices are calculated. The document explains the functionality of each trading mechanism, such as trading at cash open, trading at close, and basis trading at index close. It also discusses the granularity of reference prices and the minimum tick granularity for each mechanism. Additionally, the guide includes important disclaimers regarding the risks associated with futures and swaps trading, emphasizing that these trading activities are not suitable for all investors. The document aims to inform traders about the flexibility and options available for trading Equity Index futures, while also providing essential information on compliance and risk management.