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Description

The FTSE 250 Index Options are cash settled upon expiration.

The FTSE 250 Index represents mid cap stocks traded on the London Stock Exchange (LSE), which pass screening for size and liquidity.

Market Specifications

Trading Screen Product Name

FTSE 250 Index FLEX Options

Trading Screen Hub Name

ICEU

Contract Symbol

YFS

Unit of Trading

Contract Valued at £2 per index point

Contract Series

Four quarterly months in the March, June, September, December cycle (flexible expiries available on ICE Block)

Price Quotation

Index points

Tick Size

0.5 (£1)

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.

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

For Quarterly expiries - the value of the FTSE 250 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. (For flexible expiries please reference the ICE Contract Rules

Trading Methods

WebICE and ICE Block

Off Exchange Trade Types

Yes

Block Trade Minimum

250

Exercise Procedure

Exercise by 18:30 on the Last Trading Day only

The Exercise Prices are in intervals of 50 index points

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 strike introduction policy.

Settlement Date

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

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 250 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

Additional Information

For contract specifications for other expiries please refer to the ICE Block spreadsheet

MIC Code

IFLO

Clearing Venues

ICEU

Related Products

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

Trading Hours

Codes