DEUTSCHE BANK AG

Cash settled Stock Futures

Cash settled Stock Futures
Unit of trading

100 (Italian and UK Stock Futures 1,000)

Delivery months

New delivery months are available for trading on the first business day after the expiry of a maturity

Quotation

EUR/CHF/GBX/NOK/SEK/DKK per share

Minimum price movement (tick size and value)

Central Order Book & Large-in-Scale Facility:
EUR/CHF/NOK/SEK/DKK 0.0001 (EUR/CHF/NOK/SEK/DKK 0.01 per contract, for Italian SSFs EUR 0.10 per contract); GBX 0.01 (GBX 10 per contract)

Last trading day

Trading ceases at 17:40 CET on the third Friday of the delivery 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. For Italian Stock Futures trading ceases at 17:40 CET on the business day before the third Friday of the delivery month. In the event that this Thursday is not a business day, the Last Trading Day shall normally be the last business day preceding this Thursday.

Exchange delivery Settlement Price (EDSP)

The cash market closing price of the underlying stock on the Last Trading Day

Last update
Fri, 02/02/2018
Trading Hours

Central Order Book: 09:00 – 17:40 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

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

Clearing

LCH S.A.

Expiry months

1, 2, 3 monthly and 6, 9, 12 months quarterly (of the March, June, September, December cycle)

Settlement

Cash settlement based on the EDSP

Settlement day

First business day after the Last Trading Day

Contract Size

One future normally equals rights over 100 underlying shares. For Stock Futures on Italian shares and UK shares this is 1,000 underlying shares.

This product may not be offered and sold to US persons