“narrow-based security index” (as such term is defined in Section 1a(35) of the For a Narrow-Based Stock Index Future to be eligible for initial listing, the  The definition of a narrow-based index has changed and, as a result, the overwhelming majority of indices with exchange-traded options now count as 

Narrow-Based Generally referring to an index , it indicates that the index is composed of only a few stocks, generally in a specific industry group. See also broad-based . Of or relating to an index composed of a limited number of securities or securities representing a particular segment of the whole. For example, the Dow Jones Transportation Average is narrow-based because it is composed only of the stocks of transportation companies. Compare broad-based. Narrow-Based Security Index Law and Legal Definition. (A) The term "narrow-based security index" means “an index-- (i) that has 9 or fewer component securities; (ii) in which a component security comprises more than 30 percent of the index's weighting; (iii) in which the 5 highest weighted component securities in Recently, we have seen two ETFs in the vice-group list that may allow for a good dissection of how narrow-based products work and what they can and cannot do. Narrow-Based Stock Index Futures shall be based on such indices consisting of two or more underlying securities, which satisfy the requirements set forth in CFTC Regulation 41.21(b), as determined by the Exchange. 35102.B. Trading Hours Narrow-Based Stock Index Futures shall be traded during such hours, as determined by the Exchange. The agreement provides for joint jurisdiction between the CFTC and the SEC over single stock futures and narrow-based stock indices, both defined as security futures. Broad-based indices, as defined below, will remain under the CFTC’s jurisdiction. Broad-Based Stock Indices

Narrow-Based Generally referring to an index, it indicates that the index is composed of only a few stocks, generally in a specific industry group. See also broad-based. Narrow-Based Describing an index that consists of only a few stocks. Generally speaking, a narrow-based index only includes stocks from one industry. These indices are often useful in

Recently, we have seen two ETFs in the vice-group list that may allow for a good dissection of how narrow-based products work and what they can and cannot do. Narrow-Based Stock Index Futures shall be based on such indices consisting of two or more underlying securities, which satisfy the requirements set forth in CFTC Regulation 41.21(b), as determined by the Exchange. 35102.B. Trading Hours Narrow-Based Stock Index Futures shall be traded during such hours, as determined by the Exchange. The agreement provides for joint jurisdiction between the CFTC and the SEC over single stock futures and narrow-based stock indices, both defined as security futures. Broad-based indices, as defined below, will remain under the CFTC’s jurisdiction. Broad-Based Stock Indices DEFINITION of Narrow-Based Weighted Average. Narrow-based weighted average is an anti-dilution provision used to ensure that investors are not penalized when companies are undergoing additional financing or issuing new shares. (1) The index measures the magnitude of changes in the level of an Underlying Broad-Based Security Index that is not a narrow-based security index as that term is defined in Section 1(a)(25) of the CEA and Section 3(a)(55) of the Exchange Act over a defined period of time, which magnitude is calculated using the prices of options on the Underlying Broad-Based Security Index and represents (a) an annualized standard deviation of percent changes in the level of the Underlying Broad-Based narrow-based index (NBI): An index which contains a small group of industry-specific stocks consisting mostly of future contracts. A narrow-based index will not consist of more than ten of these industry-specific stocks. For example, a narrow-based index may include stocks from the auto industry, energy industry, or construction industry. In general, the Commodity Exchange Act defines a narrow-based security index as an index of securities that meets one of the following four requirements (1) it has nine or fewer components; (2) one component comprises more than 30 percent of the index weighting; (3) the five highest weighted components comprise more than 60 percent of the index weighting, or (4) the lowest weighted components

Broad-based Security Index Although not defined in the CEA, a broad-based security index generally refers to any security index that would not be classified as a narrow-based security index under the definitions or exclusions set forth in the CEA and the Securities Exchange Act of 1934 or that meet certain criteria specified jointly by the CFTC and the SEC.

4 Dec 2019 While the original Wilshire 5000 Total Market Index had roughly 5,000 stocks, the list has grown to include more than 6,500 today. Like the S&P  NARROW VERSUS BROAD-BASED INDICES. The NYSE generic listing rules are similar to the definition of an index that is not a “narrow-based security index”   respect to position limits for Narrow-Based and Micro-Narrow Based Index Options traded Proposal to permit P.M.-settled options on Broad-Based Indexes to expire on any Proposal to list options on the CBOE Short-Term Volatility Index. Instead, the IRS grants penalty relief if a broker determines in good faith that an index is, or is not, a narrow-based index, following published guidelines. are authorized to list futures contracts on individual equity securities registered and American Depositary Receipts), as well as narrow-based security indices.

Describing an index that consists of only a few stocks. Generally speaking, a narrow-based index only includes stocks from one industry. These indices are often 

In general, the Commodity Exchange Act defines a narrow-based security index as an index of securities that meets one of the following four requirements (1) it has nine or fewer components; (2) one component comprises more than 30 percent of the index weighting; (3) the five highest weighted components comprise more than 60 percent of the index weighting, or (4) the lowest weighted components Narrow-Based Generally referring to an index, it indicates that the index is composed of only a few stocks, generally in a specific industry group. See also broad-based. Narrow-Based Describing an index that consists of only a few stocks. Generally speaking, a narrow-based index only includes stocks from one industry. These indices are often useful in narrowing a drop-down list based on values provided in adjacent cells How does one create a drop-down list for cells in column C, based on the value entered in the adjacent cell in Column B? I have 3 teams, that each have four schools thaat they are responsible for.

By using futures contracts based on a broad index of stocks, eq- uity investors In response to this demand, the CME now lists stock index futures 59 Studies have also shown that stock spreads do not widen but narrow following the intro-.

NARROW VERSUS BROAD-BASED INDICES. The NYSE generic listing rules are similar to the definition of an index that is not a “narrow-based security index”   respect to position limits for Narrow-Based and Micro-Narrow Based Index Options traded Proposal to permit P.M.-settled options on Broad-Based Indexes to expire on any Proposal to list options on the CBOE Short-Term Volatility Index. Instead, the IRS grants penalty relief if a broker determines in good faith that an index is, or is not, a narrow-based index, following published guidelines. are authorized to list futures contracts on individual equity securities registered and American Depositary Receipts), as well as narrow-based security indices. Vanguard ETFs. ETFs (exchange-traded funds) combine the trading flexibility of a stock with the diversification and low costs of a mutual fund. Review past  By using futures contracts based on a broad index of stocks, eq- uity investors In response to this demand, the CME now lists stock index futures 59 Studies have also shown that stock spreads do not widen but narrow following the intro-. 2 Mar 2016 narrow-based indexes (an index made up of nine or fewer securities) and options on narrow-based indexes. - exchange-traded funds (ETFs) 

Narrow-Based Generally referring to an index, it indicates that the index is composed of only a few stocks, generally in a specific industry group. See also broad-based. Narrow-Based Describing an index that consists of only a few stocks. Generally speaking, a narrow-based index only includes stocks from one industry. These indices are often useful in narrowing a drop-down list based on values provided in adjacent cells How does one create a drop-down list for cells in column C, based on the value entered in the adjacent cell in Column B? I have 3 teams, that each have four schools thaat they are responsible for. narrow-based security index Notwithstanding 240.3a68-3(a), and solely for purposes of determining whether a credit default swap is a security-based swap under section 3(a)(68)(A)(ii)(I) of the Act (15 U.S.C. 78c(a)(68)(A)(ii)(I)), the term narrow-based security index as used in section 3(a)(68)(A)(ii)(I) of the Act means an index in which: (1) (i) The index is composed of nine or fewer Broad-Based vs. Narrow-Based Indices Morrison & Foerster LLP USA February 23 2017 What criteria render an index "broad-based" or "narrow-based"? Depending who you ask, you're likely to receive a List of narrow therapeutic index drugs; Therapeutic index equation. The therapeutic index of a drug is the ratio of the dose that produces toxicity to the dose that produces a clinically desired or effective response in a population of individuals. Broad-based Security Index Although not defined in the CEA, a broad-based security index generally refers to any security index that would not be classified as a narrow-based security index under the definitions or exclusions set forth in the CEA and the Securities Exchange Act of 1934 or that meet certain criteria specified jointly by the CFTC and the SEC. (2) Solely with respect to a security-based swap that is traded on a national securities exchange or security-based swap execution facility, an index that becomes a security index that is not a narrow-based security index under paragraph (c) of this section solely because it was not a narrow-based security index for more than 45 business days