Model contract specification: Pro Baseball 2026 Index
Model rulebook text for a venue listing contracts on the Pro Baseball 2026 Index. Each row says who sets it. Plain text: rules.txt.
Chapter A. Pro Baseball 2026 Index: Season Share
Scope
| No. | Item | Term | Set by | Suggested |
|---|---|---|---|---|
| A.00 | Scope | This chapter is a model for a listing venue's rules for the Season Share on each constituent of the Pro Baseball 2026 Index. Rows set by the methodology or the products specification define the reference and cannot be changed by the venue. Rows set by the listing venue are the venue's to decide; a suggested value is given for each. | Methodology |
Contract specifications
| No. | Item | Term | Set by | Suggested |
|---|---|---|---|---|
| A.01 | Underlying | The settled value of one constituent of the Pro Baseball 2026 Index, as published by Major League Markets at each official close. | Methodology | |
| A.01 | Contract unit | One Season Share on one constituent. | Methodology | |
| A.01 | Settlement value range | $0.00 to $106.50. | Methodology | |
| A.01 | Aggregate | The settlement values of all 30 constituents sum to $759.50 at the end of the season, fixed before the season begins. | Methodology | |
| A.01 | Price basis | U.S. dollars and cents per Season Share. | Listing venue | As stated. |
| A.01 | Minimum price increment | Set by the listing venue. | Listing venue | $0.01. |
| A.01 | Contract multiplier | Set by the listing venue. A multiplier changes the contract's notional, never its settlement value. | Listing venue | 1: one dollar of notional per dollar of settlement value. |
| A.01 | Product code | Set by the listing venue. | Listing venue | PB26-<constituent ticker>, for example PB26-ATH. |
Trading specifications
| No. | Item | Term | Set by | Suggested |
|---|---|---|---|---|
| A.02 | Trading schedule | Set by the listing venue. | Listing venue | The venue's standard hours, through the whole season, including days with no official close. |
| A.02 | Listing | Set by the listing venue. | Listing venue | All 30 constituents listed together, so a holder can always hold the complete set. |
| A.02 | Price limits | Set by the listing venue. | Listing venue | None inside $0.00 to $106.50. Orders outside that range are rejected. |
| A.02 | Position limits and accountability | Set by the listing venue. | Listing venue | Position accountability at the venue's standard level for event-linked contracts. A fully collateralized position cannot lose more than the amount paid. |
| A.02 | Block trades | Set by the listing venue. | Listing venue | The venue's standard minimum. |
| A.02 | Termination of trading | Set by the listing venue, no later than the final settlement time. | Listing venue | The scheduled start of the final game of the season. |
Settlement procedures
| No. | Item | Term | Set by | Suggested |
|---|---|---|---|---|
| A.03 | Daily valuation | Set by the listing venue. The settled value published at each official close is the amount the constituent has already earned; the share's remaining value cannot be below zero. | Listing venue | The venue's own trade-based procedure. |
| A.03 | Final settlement value | The constituent's settled value at the official close that follows the final game of the season. | Methodology | |
| A.03 | Final settlement time | The official close: 09:00 Central Time on the calendar day after the final game. | Methodology | |
| A.03 | Settlement source | Official league results, under the Settlement Procedures at majorleaguemarkets.com/governance/settlement-procedures. | Methodology | |
| A.03 | Corrections | A result the league changes after a close posts as a forward correction at the next close. A published close is never restated, and a contract already settled is not reopened. | Methodology | |
| A.03 | Unplayed games, cancelled rounds, shortened seasons | As set out in the index methodology at majorleaguemarkets.com/methodology/pro-baseball-2026. | Methodology | |
| A.03 | Close not published | Set by the listing venue. | Listing venue | If the final close is not published within one hour after the official close, final settlement waits for it. Every close, on time or late, is recorded at majorleaguemarkets.com/governance/close-record. |
Index licensor disclaimer
| No. | Item | Term | Set by | Suggested |
|---|---|---|---|---|
| A.04 | Disclaimer | Major League Markets publishes the Pro Baseball 2026 Index and licenses its use. Major League Markets does not list, sponsor, endorse, sell or promote any contract that references the index, and makes no representation about whether trading any such contract is advisable. Major League Markets has no obligation to take the needs of a listing venue or of its participants into account in determining or publishing the index. Major League Markets makes no warranty as to the accuracy, completeness or timeliness of the index or of any data in it, and has no liability for any error, omission, delay or interruption in its publication. | Listing venue | Adopt as written, adapted by venue counsel. |
Model text for a venue's rulebook. Nothing on this page is an offer to sell or a solicitation to buy any financial instrument.