|OPTIONS ON RAPESEED FUTURES CONTRACT
|Unit of trading
|One Rapeseed futures contract
|Pricing unit/quotation (= PRICE BASIS)
|Euro and euro cents per tonne
|Rapeseed 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 (€5)
February, May, August, November such that ten 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.
|Exchange of options for options.
|18:30 on the fifteenth calendar day of the month immediately preceding the expiry month (if not a business day then the preceding business day).
|Assignment of one Rapeseed futures contract for the expiry month at the exercise price.
|10:45 – 18:30 CET
|Central order book applies a price-time trading algorithm, with priority given to the first order at the best price.
|28 May 2019