|Morningstar Eurozone 50 Index Futures|
|Exchange contract code||FME|
|Contract size||Contract valued at € 100 per index point (e.g. value € 120,000 at 1200.00)|
|Unit of trading||100|
|Pricing unit/quotation||Index points (e.g. 1,200.00)|
|Minimum price movement (tick size and value)||Central Order Book: 0.01 index points (€ 1 per contract)
Basis Trade & Large-in-Scale Facility: 0.01 index points (€1 per contract)
|Expiry months||3, 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 Trade, Large-in-Scale Facility.
See the “Euronext Wholesale Facilities” document for the minimum size thresholds.
|Last trading day||Trading ceases at 18:00 CET 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)||Price determined on the Last Trading Day as the closing price of the Morningstar® Eurozone 50 IndexSMas calculated by S&P Dow Jones.|
|Clearing organization||LCH S.A.|
|Trading hours||Central Order Book: 08:00 - 18:00 CET
Large-in-Scale Facility: 07:00 - 18:30 CET
|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|
|1) The referential use of the name of the index is necessary to indicate the underlying value and performance of the Financial Product. This index may be registered as trademark by third parties. The Euronext Financial Products are not sponsored, endorsed, sold or promoted by those third parties.
2) The referential use of the name of S&P Dow Jones is necessary to indicate the calculating party of the index which forms the underlying value and performance of the Financial Product. This name may be registered as trademark by third parties. The Euronext Financial Products are not sponsored, endorsed, sold or promoted by those third parties.
3) The calculation of the index is not carried out by Euronext and is provided “as is”, based on information provided to Euronext without representation or warranty of any kind. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this notice shall form the basis of any contract. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator.
|In the United States these products may only be offered and sold to prescribed entities under specified conditions.|