ICE Futures Europe

API2 Rotterdam Coal Early (122 days) Single Expiry Option (Futures Style Margin)

API2 Rotterdam Coal Early (122 days) Single Expiry Option (Futures Style Margin)69732258

Description

The ICE Rotterdam Coal Single Expiry Options contract is an option on the underlying monthly expiry ICE Rotterdam 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 Rotterdam Coal single expiry option, if exercised, will result in 5 lots of each of the monthly Rotterdam Coal futures contracts for 2020.

Market Specifications

Trading Screen Product Name
Rotterdam Coal Futures
Trading Screen Hub Name
ARA 1x Cal (122 days Futures-style)
Commodity Code
RDE
Hedge Instrument
Rotterdam Coal Futures
Unit of Trading
Any multiple of 1,000 metric tonnes
Minimum Block Order
5 lots = 5,000 metric tonnes
Currency
US Dollars and cents
Quotation
Dollars per tonne
Minimum Price Fluctuation
One cent ($0.01) per metric tonne
Last Trading Day
17:00 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
Open Style
European style options, exercisable into ATW. 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.
Option Premium
Futures Style
Strike Price Increments
$0.05 increments from $10 to $150
Contract Series
2 consecutive years
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
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:55 AM
07:55

*Next Day

Codes

Clearing Admin Name
ICE Coal ARA
Physical
RDE
Logical
RDE
GMI(FC)
R&N A.C.N.