Commodity Options - Rapeseed Futures
OPTIONS ON RAPESEED FUTURES | |
Contract code | OCO |
Unit of trading | One Rapeseed futures contract |
Pricing unit/quotation (= PRICE BASIS) | Euro and euro cents per tonne |
Option style | 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) |
Expiry months | 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. |
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 preceding business day). |
Contract Standard | Assignment of one Rapeseed 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 |
Related documentation | |
Related documentation |