Pan-European Stock Futures

Underlying stocks and minimum lots

9:00am - 5:40pm

Stock futures contracts are quoted in euros.

The value of a stock futures contract shall be equal to the product of its price and the number of shares underlying the individual contract.

0,0001

The underlying consists of shares admitted to trading on European regulated markets and included in leading financial indices; in each trading session the four nearest three-month maturities (March, June, September and December) and the two nearest monthly maturities shall be quoted, giving a total of six maturities. The new maturity shall be quoted from the first subsequent trading day following the expiry

The maturity day shall be the third Friday at 5.40pm of the maturity month; where this is a non-trading day, the maturity day shall be the first trading day preceding such day.

Trading in the nearest maturity shall end at 5.40pm on the expiration day.

The daily closing price is established by the clearing and settlement organisation Cassa di Compensazione e Garanzia.

The settlement price shall be the closing price of the underlying share on the maturity day.

Settlement is by cash or physical  delivery of the financial instruments specified in the contract, through the clearing and settlement organisation Cassa di Compensazione e Garanzia, taking into consideration the number of contracts exercised and the minimum lot. Delivery date coincides with the third trading day after expiration date. Currently, all contracts available are cash settled only.

+/- 10% over the bid/ask spread

None.

Margin table

Available.