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ICE Futures Europe

API2 Rotterdam Coal Cal 1x Options (Futures Style Margin)

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Description

A European style single expiry option on an underlying monthly expiry ICE Rotterdam Coal futures contract as appropriate. It is futures style margined and will expire equally into the twelve underlying months which make up that calendar year.

Market Specifications

Trading Screen Product Name
Rotterdam Coal Futures Cal 1x Combo
Trading Screen Hub Name
ARA 1x Cal (Futures-style)
Contract Symbol
ATD
Contract Series
4 Calendar years
Contract Size
1,000 metric tonnes per contract month
Unit of Trading
Any multiple of 1,000 metric tonnes
Minimum Trading Size
Options: 1 lot = 1,000 metric tonnes
Block Order: 5 lots = 5,000 metric tonnes
Price Quotation
The contract price is in US Dollars and in US Dollar Cents per tonne
Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
Strike Price Increments
A minimum of 5 strike prices in increments of $0.05 above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. IFEU may add one or more strike prices nearest to the last price listed as necessary.
Last Trading Day
Trading will cease when the intraday reference price is set thirty calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day.
Option Style
European Style
Option Premium
Futures Style
Exercise Procedure
Thirty calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day. The reference price will be the ICE Rotterdam API2 Coal Futures Contract (ATW).for the relevant contract period.
Exchange Rulebook
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:55 PM
19:55
London12:00 AM - 10:00 PM*
00:00 - 22:00
11:55 PM
23:55
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:55 AM
07:55

*Next Day

Codes

Clearing Admin Name
O-ICE Coal ARA
Physical
ATD
Logical
ATD
GMI (FC)
RC
ION A.C.N.
Symbol Code
ATD