LQ 45 INDEX
LQ 45 constitutes of 45 most liquid stocks of Indonesian blue chips. This value-weighted index offers the lowest transaction fee. Therefore, LQ 45 is a great tool to hedge against investment in Indonesian equity market.
Contract Specifications for LQ45 Stock Index Futures:
| Contract Size | Rp 500,000.00 x LQ 45 quoted price (i.e.: if NKI price is quoted at 97.88; contract size = Rp 48,940,000.00) |
| Trading Month | Current month for monthly contracts Current and the following month for bi-monthly contracts June and December for quarterly contracts |
| Trading Hours (Indonesian Western Time) |
Monday to Thursday Session 1: 09.30 s/d 12.00 Session 2: 13.30 s/d 16.00 Friday Session 1: 09.00 s/d 11.30 Session 2: 14.00 s/d 16.00 |
| Minimum Price Fluctuation (tick) |
Minimum 0.01 index point (i.e.: Rp 500,000.00 x 0.01 = Rp 5,000.00) |
| Last Trading Day | The Exchange’s day of the contract month |
| Settlement Method | Cash Settlement |
| Daily Settlement Price | Daily settlement price is settled according to LQ 45 futures price of each contract month based on the average price of 5 minutes interval during the last 60 minutes of the Exchange’s day; or it is determined by the clearinghouse when necessary. |
| Final Settlement Price | Final settlement price is settled according to LQ 45 spot price based on the average price of 5 minutes interval during the last 30 minutes of the last trading day; or it is determined by the clearinghouse when necessary. |
| Margin* | Rp 4,000,000.00 per lot for both day and overnight trade |
| * Subject to exchange requirements | |
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