|Exchange contract code||FTI|
|Contract size||Contract valued at € 200 per index point (e.g. value € 78,000 at 390.00)|
|Unit of trading||200|
|Pricing unit/quotation||Index points (e.g. 390.00)|
|Minimum price movement (tick size and value)||Central Order Book: 0.05 index points (€ 10 per contract)
Large-in-Scale Facility: 0.0001 index points (€0.02 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 for the minimum size thresholds.
|Last trading day||Trading ceases at 16:00 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 average of the AEX-index values calculated and disseminated at one minute intervals between, and including, 15:30 and 16:00 CET. The EDSP value is rounded to two decimal places.|
|Clearing organization||LCH S.A.|
|Trading hours||Central Order Book: 08:00 - 22:00 CET
Large-in-Scale Facility: 07:15 - 22:00 CET
- Day session: 07:15 - 18:30: all trades will be cleared on the same day (T)
- Evening session: 18:30 - 22:00: all trades will be cleared on the following business day (T+1)
|Algorithm||Central order book applies a price-time trading algorithm with priority given to the first order at the best price.|
|Last update||21 April 2020|
| Please refer to Amsterdam Notice AN 12–22 issued on 26 July 2012 which provides details of the procedures to be followed when determining the closing settlement price in case of special market circumstances.
 A client who does not wish his order to be executed in the evening session must stipulate this condition when placing the order with the intermediary.
|In the United States these products may only be offered and sold to prescribed entities under specified conditions.|