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FTSE 100 INDEX OPTION (EUROPEAN-STYLE)
 


Codes and classification
Mnemo ESX Market NYSE Liffe London Vol. 61,707 19/11/09
Exercise type European Currency £ O.I. 4,294,688
Underlying London FTSE 100 ISIN GB0001383545 Market Other
Currency £ Last 5,309.57  19/11/09 13:24 Last change % -0.61
 FTSE 100 Index Options (European-Style Exercise)
Unit of trading Contract valued at £10 per index point (eg value £65,000 at 6500.0).
Delivery months Nearest eight of March, June, September, December plus such additional months that the nearest four calendar months are always available for trading.
Quotation Index points (e.g. 6500.0).
Minimum price movement
(tick size and value)		 0.5 (£5.00)
Exercise day Exercise by 18:00 on the Last Trading Day only.
Last trading day Trading shall cease as soon as reasonably practicable after 10:15 (London time) once the Expiry Value of the Index has been determined. Please refer to London Notice LON2693 for more information. Third Friday in delivery month.1
Settlement day Settlement day is the first business day after the Last Trading Day.
Trading hours 08:02 - 16:30
Related documentation
Options Contract On FTSE 100 Index(No. 129E)
Last update 03/09/07

1 - In the event of the third Friday not being a business day, the Last Trading Day shall normally be the last business day preceding the third Friday.

Trading Platform:

  • LIFFE CONNECT® Trading Host for Futures and Options
  • Matching Algorithm: Central Order Book applies a price time trading algorithm, with priority given to first order at the best price.
  • Wholesale Services: Block Trading

Exchange Delivery Settlement Price (EDSP): The value of the FTSE 100 Index is calculated by FTSE International with reference to the outcome of the EDSP intra-day auction at the London Stock Exchange carried out on the Last Trading Day.

Contract Standard: Cash settlement based on the Exchange Delivery Settlement Price.

Exercise Price and Exercise Price Intervals: The interval between Exercise Prices is determined by the lifetime of the expiry month, and its proximity to the at-the-money strike. The Exercise Prices may be in intervals of 25, 50, 100 or 200 index points

Introduction of new series: A price established on the trading day will used as the reference to determine the introduction of additional series on the next trading day in order to list the minimum number of series as determined by the the strike introduction policy

Option Premium: Is payable by the buyer in full on the business day following a transaction.

Unless otherwise indicated, all times are London times.