Your browser is unsupported

Description

Up to twelve (12) of the most liquid sovereign entities from Central & Eastern European, Middle Eastern and African countries (excluding countries that are European Union member states, or are expected to become European Union member states during the 6 month period following the creation of a new index series), as published by Markit®; from time to time

Market Specifications

Rule Number

1243

Contract Symbol

ITRX.SOVX.CEEMA.EXEU

Currency

USD

Min Notional

Order Book: 5,000,000
Block Trades: In accordance with Rule 701(k)
All other execution methods: As agreed by counterparties

Max Notional

Order Book: 200,000,000
All other execution methods: As agreed by counterparties

Min Notional Increment

Order Book: 5,000,000
All other execution methods: As agreed by counterparties

Contract Series

March and September; one or two months listed at all times

Price Quotation

Basis points

Minimum Price Fluctuation

The price quotation convention shall be .0001 basis point (bps); minimum price fluctuation may vary by trade type.

Listing Cycle

Tenors of 1 through 10 Years based on liquidity

Series

All Series, initiated with series 1

Roll Date

September 20 (or the Business Day immediately thereafter) and March 20 (or the Business Day immediately thereafter) of each calendar year

First Trading Day

Date of contract listing

Last Trading Day

Each index series with a Roll Date of September 20 shall have a maturity date of December 20 (or the first Business Day thereafter if December 20 is not a Business Day) occurring up to 10 years following the Roll Date.

Position Limit

None

Daily Price Limit

None

Off Exchange Trade Types

Yes

NCR and RL

Variable by contract type and price. See Error Trade Policy for more details.

MIC Code

ICES

Clearing Venues

Bilateral

Trading Hours

Codes