PSI 20® Index Options 
Exchange contract code PSX
Contract size Contract valued at € 1 per index point (e.g. value € 5,400 at 5,400.00)
Unit of trading 1
Pricing unit/quotation Euros per index point
Minimum price movement (tick size and value) See applicable tick size table [1]
Option style European style
Holders of long positions are only entitled to exercise their options on the expiration date.
Expiry months 1, 2, 3 monthly; 6, 9 months quarterly (of the March, June, September, December cycle)
Introduction of new exercise prices and exercise price intervals See the document "Series Introduction Policy PSI 20 Index Options" in "Related documentation" to find the series introduction policy.
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 for the minimum size thresholds.
Euronext market Amsterdam
Last trading day Trading ceases at 17:30 CET on the third Friday of the expiry 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.
Exercise Exercise until 19:45 CET on Last Trading Day only[2]
Settlement Cash Settlement based on the EDSP
Settlement day First business day after the Last Trading Day
Exchange Delivery Settlement Price (EDSP) The closing price of the PSI 20 Index (17:40 CET) on the Last Trading Day.
Option premium Payable in full by the buyer on the business day following a transaction.
Clearing organization LCH S.A. 
Trading hours Central Order Book: 09:01 – 17:30 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 25 November 2019
  [1] See the document "Financial derivatives tick sizes" in "Related documentation" to find the applicable tick table per class.
[2] On the Last Trading Day, in-the-money options are automatically exercised, unless contrary instructions are received from the client/member. Please check the exact exercise rules with your broker.
  This product may not be offered and sold to US persons