PSI20 INDEX OPTION

PSI 20® Index Options

PSI 20® Index Options
Unit of trading

1

Quotation

Euros per index point

Minimum price movement (tick size and value)

Central Order Book & Large-in-Scale Facility: € 0.10 (€ 0.10 per contract)

Last trading day

Trading ceases at 17:30 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)

The closing price of the PSI 20 Index (17:40 CET) on the Last Trading Day

Last update
Mon, 04/07/2016
Trading Hours

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

Trading platform

UTP

Algorithm

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

Wholesale service

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

Clearing

LCH S.A.

Exercise day

Exercise until 19:45 CET on Last Trading Day only[1]

Exercise price intervals

See the document "Series Introduction Policy PSI 20 Index Options" in "Related documentation" to find the series introduction policy.

Expiry months

1, 2, 3 monthly; 6, 9 months quarterly (of the March, June, September, December cycle)

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 € 1 per index point (e.g. value € 5,400 at 5,400.00)

[1] On the Last Trading Day, in-the-money options are automatically exercised, unless contrary instructions are received from the client/member. Please check the exact exercise rules with your broker.