FTSE 100 Index Weekly Flex Options

FTSE 100 Index Weekly Flex Options60643269

Description

Cash settled, European style option on UK's FTSE 100 Index

Market Specifications

Trading Screen Product Name
FTSE 100 - Flex Euro Index Option
Trading Screen Hub Name
ICEU
Unit of Trading
Contract valued at £10 per index point (eg value £65,000 at 6500.0).
Delivery Months
Nearest two Friday expiries excluding the Standard 3rd Friday expiry
Quotation
Index points (e.g. 6500.0).
Minimum price movement (tick size and value)
0.5 (£5.00)
Last Trading Day
Trading shall cease at 4.30pm on the Friday of expiry in question. 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 third Friday.
Exchange Delivery Settlement Price
Closing Value of the Index on the Last Trading Day based on the 4.30pm closing cash auction
Trading Methods
Web ICE & ICE Block
Block Trade Minimum
500 lots for outright & 1,000 lots for strategies
Exercise Day
Exercise by 18:30 on the Last Trading Day only
Settlement Date
Settlement day is the first business day after the Last Trading Day.
Matching Algorithm
Central Order Book applies a price time trading algorithm, with priority given to first order at the best price.
Contract Standard
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 points. LON3260
Introduction of New Exercise Prices
A price established on the trading day will be 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 the strike introduction policy. LON3259
Option Premium
Is payable by the buyer in full on the business day following a transaction.
MIC Code
IFLO
Clearing Venues
ICEU
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Related Products

Trading Hours

CityTradingPre-Open
New York3:00 AM - 11:30 AM
03:00 - 11:30
1:03 AM
01:03
London8:00 AM - 4:30 PM
08:00 - 16:30
6:03 AM
06:03
Singapore4:00 PM - 12:30 AM
16:00 - 00:30
2:03 PM
14:03
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Codes

Clearing Admin Name
FTSE Opt
Physical
FLX
Logical
UKX
GMI(FC)
R&N A.C.N.