AEX INDEX OPTION

AEX Index® Options

AEX Index® Options
Quotité de négociation

100

Mode de cotation

Euros per index point

Echelon minimum de cotation (tick et valeur)

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)

Date échéance

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

Cours de liquidation ("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

Dernière mise à jour
Lun, 01/02/2016
Trading Hours

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

Legal Delivery/Expiry Month

Dec 2004 Onwards

Système (Plate-forme) de négociation

UTP

Algorithme

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

Négociation hors carnet

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

Chambre de compensation

LCH.Clearnet S.A.

Exchange contract

b

Exercise
Capped (European)
Exercise day

Exercise until 19:45 CET on Last Trading Day only

Echéances

1, 2, 3 monthly; 6, 9, 12 months quarterly (of the March, June, September, December cycle); 18, 24 months half yearly (of the June, December cycle) and 36, 48, 60 months yearly (of the December cycle)

Option style

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

Dénouement

Cash Settlement based on the EDSP

Jour de règlement du dénouement

First business day after the Last Trading Day

Contract Size

Contract valued at € 100 per index point (e.g. value € 39,000 at 390.00)

Exercise Price Intervals: The interval between Exercise Prices is determined by the lifetime of the expiry month, and its proximity to the at-the-money strike.

Introduction of new exercise prices: A price established on the trading day will used as the reference to determine the introduction of additional exercise prices on the next trading day in order to list the minimum number of exercise prices as determined by the strike introduction policy.