BRITISH POUND / US DOLLAR OPTIONS

British Pound / US Dollar Options

British Pound / US Dollar Options
Unit of trading

100

Quotation

USD per £ 100

Minimum price movement (tick size and value)

Central Order Book and Large-in-Scale Facility: $ 0.01 ($1 per contract)

Last trading day

Trading ceases at 14:00 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 based on the EUR/GBP and EUR/USD rate set by BFIX: Bloomberg FX Fixings at 14:00 CET and rounded to four decimal places.

Última actualização
Fri, 26/05/2017
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
Algorithm

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. See the “Euronext Wholesale Facilities” document for the minimum size thresholds

Compensação

LCH S.A.

Exercise day

Exercise until 19:45 CET on Last Trading Day only

Expiry months

1, 2, 3 monthly; 6, 9, 12 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.

Liquidação

Cash Settlement based on the EDSP

Settlement day

First business day after the Last Trading Day

Contract Size

£ 10,000

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

 

This product may not be offered and sold to US persons