SONAE

Portuguese SSFs, Cash Settled

Portuguese Single Stock Futures, Cash Settled
Unit of trading

100

Quotation

Euros per share

Minimum price movement (tick size and value)

Central Order Book & Large-in-Scale Facility: € 0.0001 (€ 0.01 per contract)

Last trading day

Trading ceases at 16:40 Lisbon time 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

Exchange delivery Settlement Price (EDSP)

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

Last update
Tue, 01/03/2016
Trading Hours

Central Order Book: 08:00 – 18:30 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

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

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