--- title: ICE Reduces Size Of NYSE FANG+ Index Futures description: Reducing notional value to one tenth of the current size aims to make the contract more accessible. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/ICE-May-12-2022-09-00-35-37-AM.jpeg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/ice-reduces-size-of-nyse-fang-index-futures#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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The contract multiplier, which determines the notional value of the contract, is expected to be reduced to $5 times the index from the current $50, effective September 28, 2020, subject to regulatory approval. With this change, the notional value of each futures contract will be approximately $24,000, or one tenth the current size. “The NYSE FANG+™ Index has a proven track record of delivering above-average returns and enabling investors to take positions and manage risk in some of the best known and most actively traded technology stocks,” said Trabue Bland, President of ICE Futures U.S. “By significantly reducing the size of the contract, we’re making it far more accessible to both retail and institutional investors.” NYSE FANG+™ Index futures are based on the NYSE FANG+™ Index, and are designed to offer hedging, exposure and the capital efficiency of futures to a select group of highly traded growth stocks of tech-enabled companies. With a cumulative total return of nearly 250% since the start of 2017 and a return of over 90% since bottoming out in March 2020\*, the NYSE FANG+™ Index has consistently outpaced several other peer indices. The NYSE FANG+™ Index is equally weighted and includes the five core FAANG stocks - Facebook, Apple, Amazon, Netflix and Google (Alphabet) - plus another five actively-traded technology growth stocks - Alibaba, Baidu, NVIDIA, Tesla and Twitter. It is calculated and disseminated through the ICE Data Consolidated Feed under the symbol “NYFANG.” Source: ICE [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/ice-reduces-size-of-nyse-fang-index-futures) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/ice-reduces-size-of-nyse-fang-index-futures) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/ice-reduces-size-of-nyse-fang-index-futures) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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