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Index Futures - PSI 20
| PSI 20 Index Futures | |
| Exchange contract code | PSI |
| Contract size | Contract valued at €1 per index point (e.g. value €7,650 at 7650) |
| Unit of trading | 1 |
| Pricing unit/quotation | Index points (e.g. 7,650) |
| Minimum price movement (tick size and value) | Central Order Book: 1 index point (€ 1 per contract) Large-in-Scale Facility: 0.0001 index points (€ 0.0001 per contract) |
| Expiry months | 3, 6, 9 and 12 months quarterly (of the March, June, September, December cycle) |
| Introduction of new expiry months | New expiry months are available for trading on the first business day after the expiry of a maturity. |
| Wholesale services | Large-in-Scale Facility. See the “LIS thresholds" document for the minimum size thresholds. |
| Euronext market | Lisbon |
| Last trading day | Trading ceases at 16:40 Lisbon time on the third Friday of the delivery month. In the event that the third Friday is not a business day, the Last Trading Day shall normally be the last business day preceding the third Friday. |
| Settlement | Cash Settlement based on the EDSP |
| Settlement day | First business day after the Last Trading Day |
| Exchange Delivery Settlement Price (EDSP) | The closing price of the PSI 20 Index (16:40 Lisbon time) on the Last Trading Day[1]. |
| Clearing organization | Euronext Clearing |
| Trading hours | Central Order Book: 09:01 - 17:40 CET/CEST Large-in-Scale Facility: 07:30 – 18:30 CET/CEST |
| 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 | 14 April 2025 |
[1] Please refer to Lisbon Notice No. 11/1174 issued on 26 September 2011 which provides details of the procedures to be followed when determining the closing settlement price in case of special market circumstances. | |
| This product may not be offered and sold to US persons. |