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Description

Cash settled, European style option on the FTSE 100 Index

Market Specifications

Trading Screen Product Name

FTSE 100 Index (ESX) STND OPT

Trading Screen Hub Name

ICEU

Contract Symbol

ESX

Unit of Trading

Contract valued at £10 per index point (eg value £65,000 at 6500.0).

Delivery Month

Serial months out to two years. Longer dated expiries beyond two years with a maximum expiry of ten and a half years are available on ICE Block only

Quotation

Index points (e.g. 6500).

Minimum price movement (tick size and value)

0.5 (£5.00)

Last Trading Day

Third Friday in delivery month, Trading shall cease as soon as reasonably practicable after 10:15 (London time) once the Expiry Value of the Index has been determined.

Please refer to London Notice LON2693 for more information.

In the event of the third Friday not being a business day, the Last Trading Day shall normally be the last business day preceding the third Friday.

Exchange Delivery Settlement Price

The value of the FTSE 100 Index is calculated by FTSE International with reference to the outcome of the EDSP intra-day auction at the London Stock Exchange carried out on the Last Trading Day.

Block Trade Minimum

500 Contracts

Exercise Procedure

Exercise by 18:30 on the Last Trading Day only.

The interval between Exercise Prices is determined by the lifetime of the expiry month, and its proximity to the at-the-money strike. The Exercise Prices may be in intervals of 25, 50, 100 or 200 index points. LON3260

A price established on the trading day will used as the reference to determine the introduction of additional series on the next trading day in order to list the minimum number of series as determined by the strike introduction policy. Minimum Strike Price Intervals for FTSE 100 Index Options

Settlement Date

Settlement day is the first business day after the Last Trading Day.

Matching Algorithm

Central Order Book applies a price time trading algorithm, with priority given to first order at the best price.

Contract

Cash settlement based on the Exchange Delivery Settlement Price.

Option Premium

Is payable by the buyer in full on the business day following a transaction.

Statement in relation to EDSP Formation

Potential users of the FTSE 100 Index (European-Style Exercise) Options Contracts made available on ICE Futures Europe should familiarise themselves with the relevant Index compilation and calculation procedures, as well as the relevant Contract Rules which can be found here.

MIC Code

IFLO

Clearing Venues

ICEU

Related Products

• FTSE 100 Index Weekly Flex Options
• FTSE 250 Index Options

Trading Hours

Codes