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        Vol. -
    Currency O.I. -
 AEX Index® Daily Options
Unit of trading 100
Contract size EUR 100 x the level of the AEX-index®
Maturities Provided that the day is a normal business day and provided that no other monthly or weekly AEX-index option expires on that day, the option class with symbol A1 expires on the first calendar day of a month, the option class with symbol A2 expires on the second calendar day of a month, the option class with symbol A3 expires on the third calendar day of a month, etc. The first day of trading of a daily option class is the first business day preceding the expiry day.
Quotation Euros per index point
Minimum price movement
(tick size and value)		 EUR 0.05 (= EUR 5 per contract)
Last trading day Until 16:00 Amsterdam time on the relevant day of the month
Settlement Cash settlement on the last trading day based on the average of values of the AEX-index® calculated at one-minute intervals between 15:30 and 16:00 Amsterdam time. Settlement day is 1 business day after the Exercise Day.
Trading hours 09:01 – 17:30 Amsterdam time
Option style European style. Holders of long positions are not entitled to exercise their options before the expiration date.
Last update 31/03/08

Market: Amsterdam

Trading Platform:

  • LIFFE CONNECT®
  • Algorithm: Central order book applies a price-time trading algorithm with priority given to the first order at the best price
  • Wholesale Services: Prof Trade facility.

Exchange Delivery Settlement Price (EDSP): Price determined on the last trading day as the average of values of the AEX-index® calculated at one minute intervals between and including, 15.30 and 16.00 Amsterdam time.

Exercise price intervals:

  • first ITM + second ITM + ATM + first OTM + second OTM - interval: 1 index point
  • third ITM + fourth ITM + third OTM + fourth OTM - interval: 5 index points

Introduction of new exercise prices: Initially, four in-the-money (ITM), one at-the-money (ATM) and four out-of-the-money (OTM) series will be listed. Based on the closing price of the AEX-index, additional series may be introduced to ensure that at the start of trading on the following day at least four ITM series, an ATM series and four OTM series will be available for trading. In addition, series can be introduced on request from members; series can be requested in multiples of 5 points. The rules governing series-on-request can be found in Amsterdam notice 07-047.

Clearing: LCH.Clearnet SA.