100
Central Order Book:
If the premium of an order at order entry is below or equal to the premium threshold, the tick size is € 0.01 (€ 1 per contract) If the premium of an order at order entry is above the premium threshold, the tick size is € 0.05 (€ 5 per contract) The premium threshold is equal to the threshold of the American style option on the same underlying value.
Large-in-Scale Facility: € 0.01 (€ 1 per contract)
Trading ceases at 17:30 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.
Central Order Book: 09:01 – 17:30 CET
Large-in-Scale Facility: 07:00 – 18:30 CET
UTP
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
LCH S.A.
Exercise is possible until 19:45 CET on the Last Trading Day only
1, 2, 3 monthly; 6, 9, 12 months quarterly (of the March, June, September, December cycle); 18 months half yearly (of the June, December cycle).
European style
Holders of long positions are only entitled to exercise their options on the expiration date.
Physical delivery of 100 shares (or other such number of shares as determined by the terms of the contract) through the settlement system of LCH S.A.
Two business days after the exercise day
One option normally equals rights over 100 underlying shares
New option classes with a non-standard contract size may be listed as a result of corporate actions. See the document "Expiry Months Listed Per Class" in "Related documentation" to find an overview of these classes.
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.
In the United States these products may only be offered and sold to prescribed entities under specified conditions.