FTSE 100 Index Weekly Flex Options60643269
ICE Futures Europe
FTSE 100 Index Weekly Flex Options
Description
Cash settled, European style option on UK's FTSE 100 Index
Market Specifications
- Trading Screen Product Name
- FTSE 100 - Euro FLEX Index Opt
- Trading Screen Hub Name
- ICEU
- Unit of Trading
- Contract valued at £10 per index point (eg value £65,000 at 6500.0).
- Delivery Month
- Nearest two Friday expiries excluding the Standard 3rd Friday expiry
- Quotation
- Index points (e.g. 6500.0).
- Minimum price movement (tick size and value)
- 0.5 (£5.00)
- Last Trading Day
- Trading shall cease at 4.30pm on the Friday of expiry in question. 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
- Closing Value of the Index on the Last Trading Day based on the 4.30pm closing cash auction
- Trading Methods
- Web ICE & ICE Block
- Block Trade Minimum
- 500 lots for outright & 1,000 lots for strategies
- 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 be 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 the strike introduction policy. LON3259 - 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 Standard
- 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.
- MIC Code
- IFLO
- Clearing Venues
- ICEU
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 3:00 AM - 11:50 AM 03:00 - 11:50 | 1:03 AM 01:03 |
| LONDON | 8:00 AM - 4:50 PM 08:00 - 16:50 | 6:03 AM 06:03 |
| SINGAPORE | 4:00 PM - 12:50 AM* 16:00 - 00:50 | 2:03 PM 14:03 |
Codes
- Clearing Admin Name
- O-FTSE Opt
- Physical
- FLX
- Logical
- UKX
- GMI (FC)
- ION A.C.N.
- Symbol Code
- FLX