Micro FANG+ Index Futures Margin & Contract Specifications

What Are Micro FANG+ Index Futures?

Micro FANG+ Index Futures are equity index futures based on the FANG+ Index, but with a smaller contract size. The FANG+ Index is composed of 10 leading global technology and growth companies, characterized by high growth and high volatility. The index is closely tied to AI, cloud computing, e-commerce, semiconductors, and premium consumer technology. Micro FANG+ Index Futures allow investors to trade the overall performance of major U.S. technology growth stocks with lower capital requirements.

Factors Affecting the Price of the FANG+ Index

1. U.S. Federal Reserve (Fed) Policy and the U.S. Economy

Because the FANG+ Index consists of only 10 major global technology stocks, and tech stocks are typically viewed as growth stocks, their valuations are highly sensitive to interest rates. Tech companies often require substantial funding for R&D and expansion, so rate hikes increase borrowing costs. As a result, rate cuts are generally supportive of the FANG+ Index.
Inflation indicators such as CPI and PCE directly influence the Fed’s rate decisions. For tech stocks, a low-inflation environment is most favorable, as it allows accommodative monetary policy (low rates) to persist longer, keeping funding costs low.

2. Earnings and Guidance of Constituent Companies

With only 10 constituents, all of which are technology leaders—such as Apple, Google, and NVIDIA—the index is highly sensitive to their earnings results and forward guidance. Better-than-expected profits or outlooks from these mega-cap tech firms can drive significant gains in the overall index.

3. U.S. Dollar Exchange Rate

Most FANG+ constituents are multinational companies that derive a large share of revenue from overseas markets. A strong U.S. dollar can lead to foreign exchange losses, reducing reported profits and weighing on index performance.

4. Technology Innovation Cycles and Themes

The pace of technological development is a key determinant of index performance. Progress in artificial intelligence, cloud computing demand, and semiconductor supply–demand dynamics directly shapes the trajectory of the FANG+ Index.

5. Government Regulation and Policy

Regulatory actions in the U.S. or EU—such as antitrust scrutiny of major tech firms (Google, Meta, Apple), breakup rumors, and investigations—as well as U.S. export restrictions on high-performance AI chips, can directly impact profitability and often act as negative catalysts. Regulatory pressure is therefore a significant risk factor for the FANG+ Index.

6. Investor Sentiment Toward Technology Stocks

The VXN Index is often referred to as the “fear index” for technology stocks. It is derived from option prices on the Nasdaq-100.
When investors grow uneasy and fear sharp declines in tech stocks, they buy large amounts of put options for protection. This pushes option prices and the VXN higher. Typically, a rising VXN corresponds to a falling FANG+ Index, while a declining VXN tends to accompany index gains.

7. Geopolitics and Supply Chains

The U.S.–China tech rivalry, semiconductor bans, and export controls directly affect chipmakers and related hardware firms within the index. The technology sector relies on global supply chains, and any disruptions—such as wars, natural disasters, or capacity shortages like the past automotive chip shortage—can be reflected in stock prices and influence the index.

Micro NYSE FANG+ Index Future Margin

How much money is needed to trade futures? At the beginning, the required margin is the initial margin. While holding a position, the margin after deducting floating profits and losses must remain above the maintenance margin; otherwise, a margin call will be issued. For day-trading margin, only half of the margin is required, provided the position is closed before the market closes.

Foreign Futures

Micro NYSE FANG+ Index Future Contract Specifications

Here is a summary for traders of the contract specifications, exchange, trading hours, minimum price fluctuation, and available trading months for Micro NYSE FANG+ Index FutureFutures.

Micro NYSE FANG+ Index FutureLast Trading Day

Futures