Contract Specifications

Tick Size	0.1	Contract Start Date	May 31, 2007
Tick Value	FT$ 0.01	Contract Expiry Date	Nov 4, 2008
USD per Point	0.10	Contract Type	PIX
Min Contract Price	0.0	Max Contract Price	100.0

Contract Fees per a lot

Trading Fee	FT$0.05	Expiry Fee	FT$0.00 on all out of the money positions
Trading Fees at price extremes (0 - 5 and 95 - 100)	FT$0.03		FT$0.10 on all in-the-money positions

Margin Specifications

PIX contract
Min Margin Price	0.0 Ticks	Margin Up	0.0 Ticks
Max Margin Price	100.0 Ticks	Margin Down	0.0 Ticks

Example

To Buy		To Sell
Best Ask	-	Best Bid	-
Max gain per contract	FT$ -	Max gain per contract	FT$ -
Max loss per contract	FT$ -	Max loss per contract	FT$ -

Politics
Election Contracts
0-100 Candidate/Political Party A wins: The expiry will be 100 if Candidate A wins the specified election/nomination and 0 if he/she does not.
The Result:
The expiry price is determined by the final result of the election as determined by the authorized Board of elections or similar regulatory body.
For Political Party contracts any tie will be broken by the authorized Legislative procedures that are used to break ties.
Postponement:
If the election is postponed until another date, the contract expiration date will be moved according. Similarly if the final count is delayed the contracts will remain open until the result from the final count is officially declared.