Cash settled, European style option on the FTSE 100 Index
Trading Screen Product Name
FTSE 100 - Stnd Euro Index Option
Trading Screen Hub Name
Unit of Trading
Contract valued at £10 per index point (eg value £65,000 at 6500.0).
Serial months out to two years. Longer dated expiries beyond two
years with a maximum expiry of ten and a half years are available
on ICE Block only
Index points (e.g. 6500).
Minimum price movement (tick size and value)
Last Trading Day
Third Friday in delivery month, Trading shall cease as soon as
reasonably practicable after 10:15 (London time) once the Expiry
Value of the Index has been determined.
Please refer to London Notice LON2693 for
In the event of the third Friday not being a business day, the Last
Trading Day shall normally be the last business day preceding the
Exchange Delivery Settlement Price
The value of the FTSE 100 Index is calculated by FTSE International with reference to the outcome of the EDSP intra-day auction at the London Stock Exchange carried out on the Last Trading Day.
Block Trade Minimum
Exercise by 18:30 on the Last Trading Day only.
Settlement day is the first business day after the Last Trading
Central Order Book applies a price time trading algorithm, with priority given to first order at the best price.
Cash settlement based on the Exchange Delivery Settlement Price.
Exercise Price and Exercise Price Intervals
The interval between Exercise Prices is determined by the lifetime
of the expiry month, and its proximity to the at-the-money strike.
The Exercise Prices may be in intervals of 25, 50, 100 or 200 index
Introduction of new exercise prices
A price established on the trading day will used as the reference
to determine the introduction of additional series on the next
trading day in order to list the minimum number of series as
determined by the strike introduction policy. Minimum
Strike Price Intervals for FTSE 100 Index Options
Is payable by the buyer in full on the business day following a
Statement in relation to EDSP Formation
Potential users of the FTSE 100 Index (European-Style Exercise)
Options Contracts made available on ICE Futures Europe should
familiarise themselves with the relevant Index compilation and
calculation procedures, as well as the relevant Contract Rules
which can be found here.