Flutter Entertainment Plc59981707
ICE Futures Europe
Flutter Entertainment Plc
Description
Physically Delivered Option Contract on UK Single Equities
Market Specifications
- Trading Screen Product Name
- Flutter Entertainment plc (LSE)
- Trading Screen Hub Name
- ICEU
- Contract Symbol
- PP4
- Unit of Trading
- One option normally equals rights over 1000 shares. Due to corporate action contract adjustments some equity options series may have a non-standard contract size. Details of non-standard contract sizes can be found here
- Quotation
- Pence per share
- Minimum Price Fluctuation
- 0.5 pence per share / £5.00
*Some equity options have a minimum price movement of 0.25 pence. - Last Trading Day
- 16:30 London Time. Third Friday in expiry month
*In the event that this day is not a business day, then the Last Trading Day shall normally be the preceding full business day - Trading System
- WEBICE
- Full contract specification and related documents
- No. 201 - Equity Share Option Contracts (Delivery Months: December 2013 Onwards) Equity Related Security Contract (Company Shares and Depositary Receipts) (No. 211) (01/07/2013) List of Contract Details
- Algorithm
- Central order book applies a price-time trading algorithm with priority given to the first order at the best price.
- Block Trade Minimum
- 100 contracts
Block Trades can be reported up to 17:30 London time on any business day other than the Last Trading Day - Exercise Procedure
- Exercise by 18:30 on any business day
The interval between the exercise prices is set according to a fixed scale determined by the Exchange. LON2835
A price established on the trading day will used as the reference to determine the introduction of additional exercise prices on the next trading day in order to list the minimum number of exercise prices as determined by the strike introduction policy.LON3259 - Delivery Month
- March Cycle (M): means the 3 nearest expiry months from Mar, Jun, Sep, Dec cycle
*Serial longer-dated expiry months have been introduced on some equity options. - Settlement Date
- Settlement Date is two business days following the day of exercise/Last Trading Day.
- Deliverable Specifications
- Delivery will be 1,000 shares (or other such number of shares as determined by the terms of the contract).
- Option Premium
- payable in full by the buyer on the business day following a transaction.
- Additional Information
- In the United States these products may only be offered and sold to prescribed entities under specified conditions.
- Stock Exchange
- London Stock Exchange
- MIC Code
- IFLO
- Clearing Venues
- ICEU
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 3:00 AM - 11:30 AM 03:00 - 11:30 | |
| LONDON | 8:00 AM - 4:30 PM 08:00 - 16:30 | |
| SINGAPORE | 4:00 PM - 12:30 AM* 16:00 - 00:30 |
Codes
- Clearing Admin Name
- LSE Master
- Physical
- PP4
- Logical
- PP4
- GMI (FC)
- ION A.C.N.
- Symbol Code
- PP4