Newly Listed Futures Contracts
On March 17, 2025, 2 contracts were newly listed: NGX30U5 and NGXPENSIONU5. Below are details of the contracts with sample scenarios.
Code: NGX30U5
Listing price: 4226.75
Expiration date: September 19, 2025
If a speculative trade bought one contract NGX30U5 in March 2025, at the listing price of 4226.75, with an initial margin of 6% and using a contract multiplier of 1000, the initial margin requirement for one contract would be calculated as follows:
Initial Margin = Listing Price ×Multiplier × Initial Margin Percentage
Initial Margin = (4226.75 × 1000) × 0.06 = ₦253,605
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Code: NGXPENSIONU5
Listing price: 5079.75
Expiration date: September 19, 2025
If a speculative trader bought one contract of NGXPENSIONU5 in March 2025, at the listing price of 5079.75, with an initial margin of 6% and using a contract multiplier of 1000, the initial margin requirement for one contract would be calculated as follows:
Initial Margin = Listing Price ×Multiplier × Initial Margin Percentage
Initial Margin = (5079.75 × 1000) × 0.06 = ₦304,785
