Paddy Power Betfair Plc

Paddy Power Betfair Plc59981707

Description

Physically Delivered Option Contract on UK Single Equities

Market Specifications

Trading Screen Product Name
Paddy Power Betfair plc (LSE)
Trading Screen Hub Name
ICEU
Commodity Code
PP4
Unit of Trading
One option normally equals rights over 1000 shares. Due to corporate action contract adjustments some equity options series may have a non-standard contract size. Details of non-standard contract sizes can be found here
Quotation
Pence per share
Minimum Price Fluctuation
0.5 pence per share / £5.00
*Some equity options have a minimum price movement of 0.25 pence.
Last Trading Day
16:30 London Time. Third Friday in expiry month
*In the event that this day is not a business day, then the Last Trading Day shall normally be the preceding full business day
Trading System
WEBICE
Full contract specification and related documents
No. 201 - Equity Share Option Contracts (Delivery Months: December 2013 Onwards) Equity Related Security Contract (Company Shares and Depositary Receipts) (No. 211) (01/07/2013) List of Contract Details
Algorithm
Central order book applies a price-time trading algorithm with priority given to the first order at the best price.
Block Trade Minimum
250 Lots
Block Trades can be reported up to 17:30 London time on any business day other than the Last Trading Day
Exercise Day
Exercise by 18:30 on any business day
Delivery Months
March Cycle (M): means the 3 nearest expiry months from Mar, Jun, Sep, Dec cycle
*Serial longer-dated expiry months have been introduced on some equity options.
Settlement Date
Settlement Date is two business days following the day of exercise/Last Trading Day.
Deliverable Specifications
Delivery will be 1,000 shares (or other such number of shares as determined by the terms of the contract).
Exercise Price Intervals
The interval between the exercise prices is set according to a fixed scale determined by the Exchange. LON2835
Introduction of New Exercise Prices
A price established on the trading day will used as the reference to determine the introduction of additional exercise prices on the next trading day in order to list the minimum number of exercise prices as determined by the strike introduction policy.LON3259
Option Premium
payable in full by the buyer on the business day following a transaction.
Other Information
In the United States these products may only be offered and sold to prescribed entities under specified conditions.
Stock Exchange
London Stock Exchange
MIC Code
IFLO
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York3:00 AM - 11:30 AM
03:00 - 11:30
7:00 PM
19:00
London8:00 AM - 4:30 PM
08:00 - 16:30
12:00 AM
00:00
Singapore3:00 PM - 11:30 PM
15:00 - 23:30
7:00 AM
07:00

Codes

Clearing Admin Name
LSE Master
Physical
PP4
Logical
PP4
GMI(FC)
R&N A.C.N.