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API2 Rotterdam Coal Cal 1x Options (Futures Style Margin)64234307
ICE Futures Europe

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

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
Hedge Instrument
Rotterdam Coal Futures
Contract Size
1,000 metric tonnes
Unit of Trading
Any multiple of 1,000 metric tonnes
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per metric tonne
Settlement Price Quotation
One cent ($0.01) per metric tonne
Minimum Price Fluctuation
One cent ($0.01) per metric tonne
Last Trading Day
Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, 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 options. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.
Option Premium / Daily Margin
Futures Style
Expiry
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.
Strike Price Intervals
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
Contract Series
4 Calendar years
Final Payment Date
One Clearing House Business Days following the Last Trading Day
Business Days
UK Business days
Trading Hours
01:00-23:00 London time
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
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:55 AM
00:55
Singapore9:00 AM - 7:00 AM*
09:00 - 07:00
8:55 AM
08:55

*Next Day

Codes

Clearing Admin Name
O-ICE Coal ARA
Physical
ATD
Logical
ATD
GMI (FC)
RC
Symbol Code
ATD