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Stock Futures - Lisbon

  Lisbon Listed Stock Futures
Contract size One future normally equals rights over 100 underlying shares.
Unit of trading 100
Pricing unit/quotation Euros per share
Minimum price movement (tick size and value) Central Order Book & Large-in-Scale Facility: € 0.0001 (€ 0.01 per contract)
Expiry months 1, 2, 3 monthly and 6, 9, 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 Basis Trading, Large-in-Scale Facility.
See the “Euronext Wholesale Facilities” 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 cash market closing price of the underlying stock on the Last Trading Day.
Clearing organization LCH S.A. 
Trading hours Central Order Book: 09:00 – 17:40 CET
Large-in-Scale Facility: 07:00 - 18:30 CET
Trading platform UTP
Algorithm Central order book applies a price-time trading algorithm with priority given to the first order at the best price.
Last update 3 June 2019
  This product may not be offered and sold to US persons.
Full contract specifications
Full contract specifications