| Paris Real Estate futures contract | |
| Contract code | PRE |
| Contract size | Contract valued at €1 per index point |
| Unit of trading | 1m² |
| Pricing unit/quotation | Index points (e.g. 8,000 points = €8,000= 1 lot) |
| Minimum price movement (tick size and value) | Central Order Book, Basis Trade & Large-in-Scale Facility: 1 index point (€1 per contract) |
| Expiry months | Quarterly (March, June, Sep, Dec) for year 1, then 2 year (Dec), 3 year (Dec) |
| Introduction of new expiry months | New delivery months are available for trading on the first business day after the expiry of a maturity. |
| Wholesale services | Large-in-Scale Facility (25); Large-in-scale Prof (25) |
| Euronext market | Paris |
| Last trading day | Trading ceases at 17:30 CET on the day preceding the Expiry Day. In the event that this is not a business day, the Last Trading Day (usually a Thursday) shall be the last business day preceding the Expiry Day. |
| Settlement | Cash Settlement based on the EDSP |
| Settlement day | The Expiry Day corresponds to the last publication date of the PARISSQM index in the expiry month (usually a Friday), except if it’s a non trading day or a half trading day, then it will be on the penultimate publication date. |
| Exchange Delivery Settlement Price (EDSP) | The settlement price is the value of underlying index (PARISSQM) on Expiry Day. |
| Clearing organization | LCH SA |
| Trading hours | 09:00 - 17:30 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. |
| Daily Settlement Price | (1) VWAP of all COB trades in the last 10 minutes (2) If no trade during this time period, then the Mid-BBO at closing time is used (3) If no BBO available then the Last Traded Price is used (4) If no Last Traded Price available then the Previous Day Settlement Price is used. |
| Strategies | (1) Butterfly (2) Calendar Spread (3) Condor |
| Last update | 28 May 2019 |
| Related documentation |