Ready to trade The Smalls, but not sure about what makes up each contract's composition or what they track? Below is a brief description of each available Small Exchange product. Additionally, there are links to each Small Exchange index's methodology and downloadable PDFs listing the components and weights of each index. In short, The Smalls were designed with the retail trader in mind to be a highly capital-efficient trading vehicle. To view a list of available Smalls contracts, please click here.
Have additional questions about the Small Exchange indices? Feel free to drop The Small Exchange a line at support@thesmallexchange.com, or visit their homepage.
Small 2YR US Treasury Yield (2Y:SME)
Based on the U.S. 2-year continuous yield
The 2Y:SME is the cash index that /S2Y tracks. The Index takes the auctioned 2-year U.S. Treasury Note (which is considered “on-the-run”), and from this Note’s coupon, time until maturity and currently traded midpoint, calculates a yield-until-maturity using a transparent closed-form solution.
Please visit the Small Exchange 2Y:SME Index page by clicking here to view current components and weights and other additional information about the index.
Small 10YR US Treasury Yield (10Y:SME)
Based on the U.S. 10-year continuous yield
The 10Y:SME is the cash index that /S10Y tracks. The Index takes the auctioned 10-year Treasury Note (which is considered “on-the-run”), and from this Note’s coupon, time until maturity and currently traded midpoint, calculates a yield-until-maturity using a transparent closed-form solution.
Please visit the Small Exchange 10Y:SME Index page by clicking here to view current components and weights and other additional information about the index.
Small 30YR US Treasury Yield (30Y:SME)
Based on the U.S. 30-year continuous yield
The 30Y:SME is the cash index that /S10Y tracks. The Index takes the auctioned 30-year Treasury Bond (which is considered “on-the-run”), and from this Bond’s coupon, time until maturity and currently traded midpoint, calculates a yield-until-maturity using a transparent closed-form solution.
Please visit the Small Exchange 30Y:SME Index page by clicking here to view current components and weights and other additional information about the index.