- Trading Screen Product Name
- Mini NYSE FANG+ Index Options
- Trading Screen Hub Name
- ICEU
- Underlying Index
NYSE FANG+™ INDEX
- Contract Symbol
FG2
- Contract Size
Contract valued at $1 per index point
- Delivery Month
Daily M-F expiries are flexible, for any NYSE Business Day up to 1
year or as otherwise determined by the Exchange
- Price Quotation
$ per Index points
- Strike Price Intervals
10 index points.
The Exchange sets the number of eligible strike prices based on the
time to expiration for each contract month.
- Minimum price movement (tick size and value)
1 Index point, equal to $1.00 per contract
- Last Trading Day
Trading in the expiring contract ceases at 14:30pm London time on
Last Trading Day.
- Trading Hours
8:00 - 17:30 London Time (Pre-Open 6:03 AM London Time)
- Daily Settlement Window
17:28 - 17:30 London Time
- Expiry
Automatic exercise settings are pre-set to exercise contracts which
are one minimum price fluctuation or more “in the
money” with reference to the relevant reference price.
The reference price shall be a special calculation of the NYSE
FANG+ Index (Price Return version) based on the opening prices of
the component stocks on the Last Trading Day for the contract.
- Settlement Date
Settlement day is the first business day after the Last Trading
Day.
- Exercise Procedure
European style, cash-settled, auto-only
Al in-the-money options are automatically exercised.
Exercise by 18:30 London Time on the Last Trading Day only.
- Position Accountability and Limit Levels
Position Accountability Level, single month – TBD
Position Limit, All Months Combined – TBD
- Daily Price Limit
None.
- Block Trade Minimum
Yes, 1 lot Block Minimum Quantity
- EFP and EFS Enabled
Yes
- NCR and RL
25% of theoretical value
Minimum NCR: TBD Maximum NCR: TBD
- MIC Code
- IFLO
- Clearing Venues
- ICEU