mini NYSE FANG+™ INDEX Option83049151
ICE Futures Europe
mini NYSE FANG+™ INDEX Option
Description
Cash settled, European Style option on the NYSE FANG+™ INDEX
Market Specifications
- 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
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 3:00 AM - 12:30 PM 03:00 - 12:30 | 1:03 AM 01:03 |
| LONDON | 8:00 AM - 5:30 PM 08:00 - 17:30 | 6:03 AM 06:03 |
| SINGAPORE | 4:00 PM - 1:30 AM* 16:00 - 01:30 | 2:03 PM 14:03 |
Codes
- Clearing Admin Name
- O-Mini NYSEFANG
- Physical
- FG2
- Logical
- FG2
- GMI (FC)
- ION A.C.N.
- Symbol Code
- FG2