Trading Products: Micro ICE Asia Tech 30 Index Futures
Contract Specifications (as of 26 April 2021) -
Symbol: ATI
Expirations: All Months
Min. fluctuation: 0.5
Multiplier value: US$2.00
Trading Hours: 9 AM - 6 AM Singapore (closes 2 hours per day)
Initial Margin: $460
Average True Range: 20
Key Attributes -
Efficient access to a basket of technology and tech-related stocks across multiple markets in a single contract with a capital-efficient contract size of approximately US$10,000 with Initial Margin of around US$460 (as of 26 April 2021). Exposure is to a single currency in USD while covering a multitude of stocks denominated in currencies such as KRW, JPY, HKD and TWD.
The index is rebalanced quarterly to not only include highly-traded, liquid companies in Asia, but to also include companies in other sub-industries such as Consumer Discretionary and Media & Communications. Brokers offering this product include KGI Futures and Phillip Futures.
Technicals (Daily) -
EMA (21): UP Trend
Trendline: UP
RSI (14): NEUTRAL and rising
Stochastics (14): OVERBOUGHT
Source: ICE Connect
Price rebounded over the final week of June after prices retraced from the weakness experienced throughout the month of May.
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