| OBX-index® Futures | |
| Exchange contract code | OBF |
| Contract size | Contract valued at NOK 100 per index point (e.g. value NOK 85,000 at 850.00) |
| Unit of trading | 100 |
| Pricing unit/quotation | Index points (e.g. 850.00) |
| Minimum price movement (tick size and value) | If the premium of an order at order entry is below or equal to 100, the tick size is NOK 0.10 (NOK 10 per contract); if the premium of an order at order entry is above 100, the tick size is NOK 0.25 (NOK 25 per contract). Large-in-Scale Facility: 0.0001 index points (NOK 0.01 per contract) |
| Expiry months | 1, 2, 3 monthly; 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 | Large-in-Scale Facility. See the “LIS thresholds" document document for the minimum size thresholds. |
| Euronext market | Oslo |
| Last trading day | Trading ceases at 16:20 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 trading day after the Last Trading Day |
| Exchange Delivery Settlement Price (EDSP) | Price is calculated as a volume-weighted average price of automatically matched trades for the index stocks quoted on Oslo Børs on the expiration date. The calculation shall be corrected for cancelled trades. |
| Clearing organization | LCH S.A. |
| Trading hours | Central Order Book: 09:01 - 16:20 CET Large-in-Scale Facility: 07:15 - 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 | 07 December 2020 |
| In the United States these products may only be offered and sold to prescribed entities under specified conditions. |