CAC 40 INDEX WEEKLY OPTION (1PX 2PX 4PX 5PX)

CAC 40® Index Weekly Options

Unit of trading

10

Quotation

Euros per index point

Minimum price movement (tick size and value)

Central Order Book & Large-in-Scale Facility: € 0.10 (€ 1 per contract)

Last trading day

Trading ceases at 16:00 CET on the last trading day of the specific weekly option class. In the event that this Friday is not a business day, the Last Trading Day shall normally be the last business day preceding this Friday

Exchange delivery Settlement Price (EDSP)

Price determined on the Last Trading Day. Euronext calculates the settlement index as the arithmetic mean of all index values calculated and disseminated between 15:40 and 16:00 CET, rounded to two decimal places. Such settlement index is taken, and rounded to one decimal place, to produce the closing settlement price[2]

Laatste update
din, 29/03/2016
Trading Hours

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

Trading platform

UTP

Full contract specification and related documents
CAC 40 Index Weekly OptionsCAC 40 Weekly options lifetime and last trading daySeries introduction policy CAC 40 Index options MON2010-005 (26/02/10)Euronext Series On Request Policy for Individual Equity Options and Index OptionsEDSP procedures in the event of special market circumstances MO2012-11 (26/07/12)Euronext Wholesale Facilities
Algorithm

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

Wholesale service

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

Clearingmarkt

LCH.Clearnet S.A.

Exercise day

Exercise until 19:15 CET on Last Trading Day only[1]

Expiry months

There are four weekly option classes. See “Related documentation” to find out the specific lifetime per weekly option class.

Option style

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

Settlement

Cash Settlement based on the EDSP

Settlement day

First business day after the Last Trading Day

Contract Size

Contract valued at € 10 per index point (e.g. value € 41,000 at 4,100.0)

[1] On the Last Trading Day, in-the-money options are automatically exercised, unless contrary instructions are received from the client/member. Please check the exact exercise rules with your broker.
[2] Please refer to Paris Notice No. 2012–11 issued on 26 July 2012 which provides details of the procedures to be followed when determining the closing settlement price in case of special market circumstances.

In the United States this product may only be offered and sold to prescribed entities under specified conditions