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 FLEX Equity Options on LIFFE Market Shares
Taille du contrat One option normally equals rights over 1000 shares1
Mois d'échéance Any market day subject to a maximum expiry date of the third Friday of the next indicative quarterly expiry month (March, June, September, December) three years from the date on which the contract is made
Cotation Pence per share
Echelon minimum de cotation 0.5 pence per share / £5.00 0.25 pence per share / £2.502
Jour d'exercice Exercise by 18:30 on the expiry date only Trading shall cease at 16:30 (London time) on the expiry date
Dernier jour de négociation 16:30 Third Friday in expiry month
Jour de liquidation Settlement day is on the fourth business day following the expiry date
Heures de cotation 08:00 - 16:30
Documentation
FLEX® Option Contract on Equity Shares (Denominated in Sterling)(No. 201F)
List of Equity Shares in Respect of Exchange Contract (No. 201F) (14/10/09)
Mis à jour 17/10/04

1 - Due to corporate action contract adjustments some equity options series may have a non-standard contract size.

2 - Some equity options have a minimum price movement of 0.25 pence.

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: Block Trading, FLEX® and OTC.

Contract standard: physical delivery of 1,000 shares.

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

Exercise price and exercise price intervals: The exercise price must be a whole number of Pence. In the case of all put options and those call options with an initial time to expiry of more than three months, the exercise price shall be required to be within a range of 1% and 1000% of the underlying share price. In the case of those call options with an initial time to expiry of three months or less, the exercise price shall be required to be within a range of 25% and 1000% of the underlying share price

Clearing: LCH.Clearnet Ltd

Unless otherwise indicated, all times are London times.