globalCOAL Newcastle Coal Options (Futures Style Margin)71085729
ICE Futures Europe
globalCOAL Newcastle Coal Options (Futures Style Margin)
Description
The ICE gC Newcastle Coal Options contract is an option on the ICE gC Newcastle Coal Futures contract. At expiry, one lot of gC Newcastle Coal Options will exercise into one lot of gC Newcastle Coal Futures. gC Newcastle Coal Options are European-style, such that In-The-Money options, unless abandoned, are automatically exercised at expiry. At-The-Money and Out-of-The-Money options will expire un-exercised unless the Member has elected to exercise them.
Market Specifications
- Trading Screen Product Name
- Newcastle Coal Futures
- Trading Screen Hub Name
- Newcastle (Futures-style)
- Contract Symbol
- GNO
- Contract Series
- Up to 60 consecutive months
Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip. For example, a Q1 option is an option on Jan, an option on Feb, and an option on Mar, with each option expiring thirty calendar days before the start of the relevant contract month.
- Contract Size
- 1,000 metric tonnes per contract month.
- Unit of Trading
- 1,000 metric tonnes of thermal coal
- Minimum Trading Size
- Options: 1 lot = 1,000 metric tonnes
Block Order: 5 lots = 5,000 metric tonnes
- Price Quotation
- The contract price is in US Dollars and in US Dollar Cents per tonne.
- Minimum Price Fluctuation
- One cent ($0.01) per metric tonne.
- Tick Value
- Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Strike Price Increments
- A minimum of 5 strike prices in increments of $0.05 above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. IFEU may add one or more strike prices nearest to the last price listed as necessary
- Last Trading Day
- Trading will cease when the intraday reference price is set thirty calendar days before the start of the contract period. If that day is a non-business day, expiry will be on the preceding business day.
- Option Premium
- Futures Style
- Option Style
- European Style
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 8:00 PM - 6:00 PM* 20:00 - 18:00 | 7:55 PM 19:55 |
| LONDON | 1:00 AM - 11:00 PM 01:00 - 23:00 | 12:55 AM 00:55 |
| SINGAPORE | 9:00 AM - 7:00 AM* 09:00 - 07:00 | 8:55 AM 08:55 |
*Next Day
Codes
- Clearing Admin Name
- O-Coal Newc
- Physical
- GNO
- Logical
- GNO
- GMI (FC)
- KP
- ION A.C.N.
- Symbol Code
- GNO