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globalCOAL Newcastle Coal Early (122 days) Single Expiry Options (Futures Style Margin)69732255

ICE Futures Europe

globalCOAL Newcastle Coal Early (122 days) Single Expiry Options (Futures Style Margin)



The ICE gC Newcastle Coal Single Expiry Options contract is an option on the underlying monthly expiry ICE gC Newcastle Coal futures contract. A calendar year single expiry option will expire equally into the twelve underlying months which make up that calendar year. For example, a 5 lot Cal-20 gC Newcastle Coal single expiry option, if exercised, will result in 5 lots of each of the monthly gC Newcastle Coal futures contracts for 2020.

Market Specifications

Trading Screen Product Name
Newcastle Coal Futures
Trading Screen Hub Name
Newcastle 1x Cal (122 days Futures-style)
Contract Symbol
Hedge Instrument
Rotterdam Coal Futures
Unit of Trading
Any multiple of 1,000 metric tonnes
Minimum Block Order
5 lots = 5,000 metric tonnes
US Dollars and cents
Dollars per 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, 122 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, exercisable into NCF. 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
Futures Style
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
Contract Series
2 consecutive years
Business Days
UK Business days
Trading Hours
01:00-23:00 London time
MIC Code
Clearing Venues

Trading Hours

New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:55 PM
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:55 AM
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:55 AM

*Next Day


Clearing Admin Name
O-Coal Newc
Symbol Code