Pan-European Stock Futures
Characteristics |
Description |
Underlying and min lots |
|
Trading hours |
9:00am - 6:00pm |
Quotation |
Stock futures contracts are quoted in Euros. |
Contract value |
Equal to the product of its price and the number of shares underlying the individual contract. |
Tick |
0,0001 |
Expiry |
The 4 nearest quarterly maturities (March, June, September and December) and the 2 nearest monthly maturities giving a total of 6 maturities, if the underlying consists of shares admitted to trading on European regulated markets and included in leading financial indices. |
Expiry day |
The maturity day shall be the third Friday at 5.50pm of the expiry month; where this is a non-trading day, the expiry day shall be the first trading day preceding such day. |
Last trading day |
Trading in the nearest maturity shall end at 5.50pm on the expiry day. |
Daily closing price |
The daily closing price is established by the clearing and settlement organisation Euronext Clearing. |
Settlement price |
The settlement price shall be the closing price of the underlying share on the expiry day. |
Settlement |
Cash settled on the Euronext Clearing open day following the expiry day through Euronext Clearing. |
BTF |
+/- 10% over the bid/ask spread |
Limit on number of open positions |
None. |
Margins |
|
Give-up |
Available. |