FTSE 250 Index Options

FTSE 250 Index Options72131066

Description

The FTSE 250 Index Options are cash settled upon expiration.

The FTSE 250 Index represents mid cap stocks traded on the London Stock Exchange (LSE), which pass screening for size and liquidity.

Going live 1st July 2019

Market Specifications

Trading Screen Product Name
FTSE 250 Index FLEX Options
Trading Screen Hub Name
ICEU
Commodity Code
YFS
Unit of Trading
Contract Valued at £2 per index point
Contract Series
Four quarterly months in the March, June, September, December cycle (flexible expiries available on ICE Block)
Price Quotation
Index points
Tick Size
0.5 (£1)
Last Trading Day
Third Friday in delivery month, Trading shall cease as soon as reasonably practicable after 10:15 (London time) once the Expiry Value of the Index has been determined.

In the event of the third Friday not being a business day, the Last Trading Day shall normally be the last business day preceding the third Friday.
Exchange Delivery Settlement Price
For Quarterly expiries - the value of the FTSE 250 Index is calculated by FTSE International with reference to the outcome of the EDSP intra-day auction at the London Stock Exchange carried out on the Last Trading Day. (For flexible expiries please reference the ICE Contract Rules
Trading Methods
WebICE and ICE Block
Block Trades
Yes
Block Trade Minimum
250
Exercise Day
Exercise by 18:30 on the Last Trading Day only
Settlement Date
Settlement day is the first business day after the Last Trading Day
Contract Standard
Cash settlement based on the Exchange Delivery Settlement Price
Exercise Price and Exercise Price Intervals
The Exercise Prices are in intervals of 50 index points
Introduction of New Exercise Prices
A price established on the trading day will be used as the reference to determine the introduction of additional series on the next trading day in order to list the minimum number of series as determined by the strike introduction policy.
Option Premium
Is payable by the buyer in full on the business day following a transaction
Statement in relation to EDSP Formation
Potential users of the FTSE 250 Index (European-Style Exercise) Options Contracts made available on ICE Futures Europe should familiarise themselves with the relevant Index compilation and calculation procedures, as well as the relevant Contract Rules which can be found here
Other Information
For contract specifications for other expiries please refer to the ICE Block spreadsheet
MIC Code
IFLO
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York3:00 AM - 11:50 AM
03:00 - 11:50
1:03 AM
01:03
London8:00 AM - 4:50 PM
08:00 - 16:50
6:03 AM
06:03
Singapore4:00 PM - 12:50 AM
16:00 - 00:50
2:03 PM
14:03

Singapore times: Trading begins at 2:00PM of local time and closes next day at 12:30AM of local time.

Codes

Clearing Admin Name
FTSE Opt
Physical
YFS
Logical
YFS
GMI(FC)
R&N A.C.N.