OPTIONS ON RAPESEED OIL FUTURES

Options on Rapeseed Oil Futures

Options on Rapeseed Oil Futures
Unit of trading

One Rapeseed Oil Futures Contract

Minimum price movement (tick size and value)

10 euro cents per tonne (€2)

Last update
Fri, 14/11/2014
Trading Hours

10:45 – 18:30

Trading platform

Universal Trading Platform

Algorithm

Central order book applies a price-time trading algorithm, with priority given to the first order at the best price

Wholesale service

Exchange of options for options

Clearing

LCH SA

Exercise price intervals

€2.5 per tonne

Expiry months

September, December, March and June such that ten delivery months are available for trading, subject to the option expiring before the underlying future

Option style

Rapeseed Oil options are ‘American’ style i.e. may be exercised at any time prior to expiry

Price basis

Euros and euros cents per tonne

Contract Standard Assignment of one Rapeseed Oil Futures Contract for the expiry month at the exercise price