PSI 20® Index Futures

PSI 20 Index Futures
Unit of trading


Delivery day

First business day after the Last Trading Day

Delivery months

March, June, September, December (nearest four available for trading) - new delivery months are available for trading on the first business day after the expiry of a maturity


Index points (e.g. 7650)

Minimum price movement (tick size and value)

Central Order Book: 1 Index points (€1 per contract)
Basis Trade & Large-in-Scale Facility: 0.01 Index points (€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 closing price of the PSI 20 Index (16:40 Lisbon time) on the Last Trading Day

Laatste update
maa, 27/06/2016
Trading Hours

Central Order Book: 09:00 – 17:40 CET
Large-in-Scale Facility: 07:00 – 18:30 CET

Trading platform



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


LCH.Clearnet S.A.

Expiry months

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


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 €7,650 at 7650)

Please refer to Lisbon Notice No. 11/1174 issued on 26 Sep 2011, which provides details of the procedures to be followed when determining the closing settlement price in case of special market circumstances.


This product may not be offered and sold to US persons