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OPTIONS ON MILLING WHEAT FUTURES
 


Codes and classification
Mnemo OBM Market NYSE Liffe Paris Vol. 905 19/11/09
Exercise type American Currency € O.I. 165,335
 Options on Milling Wheat Futures
Unit of trading One Milling Wheat Futures contract
Delivery months January, March, May, July, August, November such that eight expiry months are available for trading, subject to the option expiring before the underlying future
Price basis Euros and Euro cents per metric tonne
Minimum price movement
(tick size and value)		 10 Euro cents per metric tonne
(€5)
Last trading day 18.30 on the 15th calendar day of the month immediately preceding the expiry month (if not a business day, then the next business day)
Trading hours 10h45 - 18h30
Related documentation
Options on Milling Wheat Futures
Last update 01/01/08

Trading Platform:

  • LIFFE CONNECT® Trading Host for Futures and Options.
  • Algorithm: Central order book applies a priority price-time trading algorithm.
  • Wholesale trading facilities: None apply.

Contract Standard: Assignment of one Milling Wheat Futures contract for the expiry month at the exercise price.

Exercise Price Increments: €1 per tonne.

Option Exercise: Milling Wheat options are ‘American’ style ie may be exercised at anytime prior to expiry.

Clearing: LCH.Clearnet SA.

Unless otherwise indicated, all times are Paris times.