| | OPTIONS ON MILLING WHEAT NO.2 FUTURES |
| Contract code | OBM |
| Unit of trading | One Milling Wheat No.2 futures contract |
| Pricing unit/quotation (= PRICE BASIS) | Euro and euro cents per tonne |
| Option style | Milling Wheat options are ‘American’ style - i.e. may be exercised at any time prior to expiry. |
| Exercice Price increments | €1 per tonne |
| Minimum price movement (tick size and value) | 10 euro cents per tonne (€5) |
| Expiry months | September, December, March and May from September 2015 onwards, such that 12 expiry 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 CET 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 Milling Wheat futures contract for the expiry month at the exercise price. |
| Clearing organization | Euronext Clearing |
| 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 | 15 JUL 2024 |