AEX INDEX MINI OPTION

AEX-index mini options

AEX-index mini options
Unit of trading

10

Quotation

Euros per index point

Minimum price movement (tick size and value)

Central Order Book:
If the premium of an order at order entry is below or equal to the premium threshold, the tick size is € 0.01 (€ 1 per contract)
If the premium of an order at order entry is above or equal to the premium threshold, the tick size is € 0.05 (€ 5 per contract)
The premium threshold is equal to € 1.50
Large-in-Scale Facility: € 0.01 (€ 1 per contract)

Last trading day

Trading ceases at 16:00 CET on the third Friday of the expiry month. In the event that the third Friday is not a business day, the Last Trading Day shall normally be the last business day preceding the third Friday

Exchange delivery Settlement Price (EDSP)

Price determined on the Last Trading Day as the average of the AEX-index values calculated and disseminated at one minute intervals between, and including, 15:30 and 16:00 CET. The EDSP value is rounded to two decimal places.

Last update
Fri, 02/02/2018
Trading Hours

Central Order Book 09:01 – 17:30 CET
Large-in-Scale Facility 07:00 – 18:30 CET

Legal Delivery/Expiry Month

Initial lifetime: 1, 2 and 3 months Cycle: Every month

Algorithm

Central order book applies a price-time trading algorithm with priority given to the first order at the best price. Depending on the outcome of the Liquidity Provider auction, in certain classes Price/Time preferencing can be active, which means that Primary Market Makers (PMM) have a right to a certain percentage of the turnover traded at the PMM’s best bid or offer

Wholesale service

Large-in-Scale Facility, AtomX.
See the “Euronext Wholesale Facilities” document for the minimum size thresholds

Clearing

LCH.Clearnet S.A.

Exercise day

Exercise until 19:45 CET on Last Trading Day only

Expiry months

1, 2, 3 monthly

Option style

European style
Holders of long positions are only entitled to exercise their options on the expiration date.

Settlement

Cash Settlement based on the EDSP

Settlement day

First business day after the Last Trading Day

Contract Size

Contract valued at € 10 per index point (e.g. value € 3,900 at 390.00)

U.S. Regulatory Position
Members should note that U.S. Persons are not permitted to engage in transactions in the Mini Index Derivatives Contracts, pending approval from the Commodity Futures Trading Commission.  The Exchange will advise Members in due course if and when such approval is granted.