OPTIONS ON RAPESEED MEAL FUTURES

Options on Rapeseed Meal Futures

Options on Rapeseed Meal Futures
Unit of trading

One Rapeseed Meal Futures Contract

Minimum price movement (tick size and value)

10 euro cents per tonne (€3)

Laatste update
vri, 14/11/2014
Trading Hours

10:45 – 18:30

Trading platform

Universal Trading Platform

Algorithm

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

Wholesale service

Exchange of options for options

Clearingmarkt

LCH SA

Exercise price intervals

€2.5 per tonne

Expiry day

18:30 on the fifteenth calendar day of the month immediately preceding the expiry month (if not a business day then the first business day immediately preceding)

Expiry months

September, December, March and June such that ten delivery months are available for trading, subject to the option expiring before the underlying future

Option style

Rapeseed Meal options are ‘American’ style i.e. may be exercised at any time prior to expiry

Price basis

Euros and euro cents per tonne

Contract Standard Assignment of one Rapeseed Meal Futures Contract for the expiry month at the exercise price