- Trading Screen Product Name
- IMEQ AEX - Euro FLEX Index Opt
- Trading Screen Hub Name
- ICNL
- Contract Symbol
YAX
- Unit of Trading
Contract valued at € 100 per index point (eg value €
55,800 at 558).
- Delivery Month
The nearest 3 expiry months plus one quarterly from Mar, Jun, Sep,
Dec cycle
- Quotation
Index points (e.g. 558).
- Minimum price movement (tick size and value)
0.01 euro (€1.00 per contract)
- Last Trading Day
Trading cease at 16:00 (Amsterdam time) on the third Friday of the
delivery month.
In the event that the third Friday is not a business day, the Last
Trading Day shall normally be the last business day preceding the
third Friday.
- Exchange Delivery Settlement Price
Price determined on the Last Trading Day as the average of the
AEX-index values calculated and disseminated at one minute
intervals between, and including, 15:30 and 16:00 CET. The EDSP
value is rounded to two decimal places (see for more information
about the AEX index exchange delivery settlement price the website
from Euronext)
- Block Trade Minimum
440 Contracts
Block Trades can be reported up to 17:30 Amsterdam time on any
business day other than the Last Trading Day
- Exercise Procedure
Exercise by 19:30 (Amsterdam time) 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.
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: 5 strikes above and
below ATM in increments of 0.1 or 0.5 or 1 or 2
- 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 AEX (European-Style Exercise) Options
Contracts made available on ICE Endex 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
- IMEQ
- Clearing Venues
- ICNL