BEL 20® Index Options (BEL)

BEL 20® Index Options (BEL)
Unit of trading



Euros per index point

Minimum price movement (tick size and value)

Central Order Book and Large-in-Scale Facility: € 0.01 (€ 0.10 per contract)

Last trading day

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

Exchange delivery Settlement Price (EDSP)

Price determined on the Last Trading Day as the average of all BEL20 index values calculated and disseminated between, and including, 15:40 and 16:00 CET. The EDSP value is rounded to two decimal places

Laatste update
maa, 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 2010 Onwards

Trading platform



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

Wholesale service

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


LCH.Clearnet S.A.

Exercise day

Exercise until 19:45 CET on Last Trading Day only

Expiry day

Settlement day is the first business day after expiry

Expiry months

1, 2, 3 monthly; 6, 9 months quarterly (of the March, June, September, December cycle)

Option style

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


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 € 25,000 at 2500.0)

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.

Please refer to Brussels Notice BRU 12–05 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