- Trading Screen Product Name
- Crude Daily Futures
- Trading Screen Hub Name
- WTI Daily Euro Option (Cash Settled)
- Contract Symbol
TDE
- Contract Size
1,000 barrels
- Unit of Trading
Any multiple of 1,000 barrels
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per barrel
- Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- Last Trading Day
Trading shall cease at the end of the designated settlement period
of the ICE WTI Crude Futures Contract on the business day that it
was listed on.
- Option Style
Options are European style and will be automatically exercised on
the expiry day if they are “in the money”. The future
resulting from exercise immediately goes to cash settlement
relieving market participants of the need to concern themselves
with liquidation or exercise issues. If an option is “out of
the money” it will expire automatically.
- Expiry
The Daily EU-Style WTI Option will be exercised into the cash value
of the settlement of the front-month WTI Futures contract. On
expiry day, automatic exercise settings are pre-set to exercise
call and put option contracts that are one minimum price
fluctuation or more in-the-money and call option contracts which
are at-the-money with reference to the corresponding daily
settlement price at the designated settlement time as determined by
the Exchange. At-the-money put options will be abandoned.
- Strike Price Intervals
A minimum of 10 Strike Prices in increments of $0.50 per bbl above
and below the at-the-money Strike Price. Strike Price boundaries
are adjusted according to futures price movements. User-defined
Strike Prices are allowed in $0.01 increments.
- Contract Series
Daily contract listed for 1 day
- Final Payment Date
One Clearing House Business Day following the Last Trading Day
- Business Days
Publication days for NYMEX
- MIC Code
- IFED
- Clearing Venues
- ICEU