BRICS Futures 

Product Descriptions 
Contract Summary
Margin Table  
Trading Calendar and Trading Hours
Trading Arrangements during Typhoons and Black Rainstorm 
Trading Fees and Commission
Derivatives Market Access Codes
BRICS Futures
Publications
BRICS Futures Infosheet   
BRICS eDM   
BRICSMART Brochure (English version only)

 

Frequently Asked Questions

 

Disclaimer

 “The IBOVESPA, the MICEX Index, the S&P BSE SENSEX Index and the FTSE/JSE Top40 are published and compiled by BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros (“BVMF”), Open Joint Stock Company “Moscow Exchange MICEX-RTS” (“Moscow Exchange”), BSE Limited (“BSE”) and FTSE International Limited (“FTSE”) in conjunction with JSE Limited (“JSE”) respectively. The mark and name of each of the IBOVESPA, the MICEX Index and the S&P BSE SENSEX Index are proprietary to BVMF, Moscow Exchange and BSE respectively. "FTSE®" is a trade mark of the London Stock Exchange Group of Companies, "JSE" is a trade mark of JSE and both are used under licence. BVMF, Moscow Exchange, BSE and FTSE and JSE have agreed to the use of, and reference to, the IBOVESPA, the MICEX Index, the S&P BSE SENSEX Index and the FTSE/JSE Top40 (each an “Index”) by Hong Kong Futures Exchange Limited (“HKFE”) in connection with HKFE’s IBOVESPA Futures, MICEX Index Futures, S&P BSE SENSEX Index Futures and FTSE/JSE Top40 Futures (each a "Product"), BUT (I) BVMF, MOSCOW EXCHANGE, BSE, FTSE AND JSE DO NOT WARRANT OR REPRESENT OR GUARANTEE TO ANY BROKER OR HOLDER OF ANY PRODUCT OR ANY OTHER PERSON (i) THE ACCURACY OR COMPLETENESS OF THE RELEVANT INDEX AND ITS COMPUTATION OR ANY INFORMATION RELATED THERETO; OR (ii) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF THE RELEVANT INDEX OR ANY COMPONENT OR DATA COMPRISED IN IT; OR (iii) THE RESULTS WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF THE RELEVANT INDEX OR ANY COMPONENT OR DATA COMPRISED IN IT FOR ANY PURPOSE, AND NO WARRANTY OR REPRESENTATION OR GUARANTEE OF ANY KIND WHATSOEVER RELATING TO THE RELEVANT INDEX IS GIVEN OR MAY BE IMPLIED AND (II) NONE OF THE PRODUCTS IS IN ANY WAY SPONSORED, ENDORSED, SOLD OR PROMOTED BY BVMF, MOSCOW EXCHANGE, BSE, FTSE OR JSE. The process and basis of computation and compilation of an Index and any of the related formula or formulae, constituent stocks and factors may at any time be changed or altered by BVMF, Moscow Exchange, BSE or FTSE and/or JSE, as the case may be, without notice. TO THE EXTENT PERMITTED BY APPLICABLE LAW, NO RESPONSIBILITY OR LIABILITY IS ACCEPTED BY BVMF, MOSCOW EXCHANGE, BSE, FTSE, JSE OR HKFE (i) IN RESPECT OF THE USE OF AND/OR REFERENCE TO AN INDEX BY HKFE IN CONNECTION WITH A PRODUCT; OR (ii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES OR ERRORS OF BVMF, MOSCOW EXCHANGE, BSE, FTSE AND/OR JSE IN THE COMPUTATION OF AN INDEX; OR (iii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES, ERRORS OR INCOMPLETENESS OF ANY INFORMATION USED IN CONNECTION WITH THE COMPUTATION OF AN INDEX WHICH IS SUPPLIED BY ANY OTHER PERSON; OR (iv) FOR ANY ECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR INDIRECTLY SUSTAINED BY ANY BROKER OR HOLDER OF A PRODUCT OR ANY OTHER PERSON DEALING WITH A PRODUCT AS A RESULT OF ANY OF THE AFORESAID, AND NO CLAIMS, ACTIONS OR LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST BVMF, MOSCOW EXCHANGE, BSE, FTSE, JSE AND/OR HKFE in connection with a Product in any manner whatsoever by any broker, holder or other person dealing with the Product. Any broker, holder or other person dealing with a Product does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on BVMF, Moscow Exchange, BSE, FTSE, JSE AND HKFE. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and BVMF, Moscow Exchange, BSE, FTSE, JSE OR HKFE and must not be construed to have created such relationship.”