With the S&P/ASX 200 index currently at 6200 and next month's SPI futures contracts trading at 6300, a position in 7 SPI contracts that expire next month has a total value of $1 085 000.

Question

Quizplus · Accepted Answer

The value of a position in SPI futures contracts is calculated by multiplying the contract size by the futures price and then by the number of contracts. The standard contract size for the S&P/ASX 200 Index (SPI) futures is $25 per index point. Therefore, for 7 contracts at a futures price of 6300, the calculation is $25 * 6300 * 7 = $1,102,500.

With the S&P/ASX 200 Index Currently at 6200 and Next