Contract Specifications

The ticker symbol for a VIX^® futures contract has three parts: the underlying ticker symbol, a letter for the expiration month, and a number that indicates the expiration year.

The underlying ticker for VIX futures is VX.

The number indicating the expiration year is the last digit in the full year. For example, "2" indicates 2012.

The table below shows months and the corresponding letters for each month.

Month	Letter	Month	Letter
January	F	July	N
February	G	August	Q
March	H	September	U
April	J	October	V
May	K	November	X
June	M	December	Z

What is the symbol for VIX futures that expire in February of 2013?

The answer is: VXG3

VX = VIX Future
G = February
3 = 2013

The contract specifications of VIX futures appear in the table below:

Contract Multiplier	$1000 x Quoted Value
Contract Months	Up to 9 Consecutive Contract Months
Minimum Price Change	0.05 or $50 per tick
Settlement Type	AM - Cash Settled index
Settlement Date	Wednesday 30 Days Prior to Next Standard Option Expiration
Trading Hours	7:00 am – 3:15 pm CST