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OPTIONS ON RAPESEED MEAL FUTURES CONTRACT |
| Contract code |
OSM |
| Unit of trading |
One Rapeseed Meal Futures Contract |
| Pricing unit/quotation (= PRICE BASIS) |
Euro and euro cents per tonne |
| Option style |
Rapeseed Meal options are ‘American’ style i.e. may be exercised at any time prior to expiry. |
| Exercice Price increments |
€2.5 per tonne |
| Minimum price movement (tick size and value) |
10 euro cents per tonne (€3 |
| Expiry months |
September, December, March and June such that ten delivery months are available for trading, subject to the option expiring before the underlying future. |
| Introduction of new expiry months |
First trading day following the last trading day. |
| Wholesale services |
Exchange of options for options. |
| Euronext market |
Paris |
| Expiry day |
18:30 on the fifteenth calendar day of the month immediately preceding the expiry month (if not a business day then the following business day). |
| Contract Standard |
Assignment of one Rapeseed Meal Futures Contract for the expiry month at the exercise price. |
| Clearing organization |
LCH SA |
| Trading hours |
10:45 – 18:30 CET |
| Trading platform |
Optiq |
| Algorithm |
Central order book applies a price-time trading algorithm, with priority given to the first order at the best price. |
| Last update |
28 May 2019 |