|AEX-index® Weekly Options|
|Exchange contract code||AX1, AX2, AX4, AX5|
|Contract size||Contract valued at € 100 per index point (e.g. value € 39,000 at 390.00)|
|Unit of trading||100|
|Pricing unit/quotation||Euros per index point|
|Minimum price movement (tick size and value)||See applicable tick size table |
|Option style||European style
Holders of long positions are only entitled to exercise their options on the expiration date.
|Expiry months||There are four weekly option classes. See “Related documentation” to find out the specific lifetime per weekly option class.|
|Introduction of new exercise prices and exercise price intervals||See the document "Series Introduction Policy AEX-index Options" in "Related documentation" to find the series introduction policy.|
|Introduction of new expiry months||A new expiry week is available for trading on the Friday two weeks before its expiry date.|
|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 last trading day of the specific weekly option class. In the event that this Friday is not a business day, the Last Trading Day shall normally be the last business day preceding this Friday.|
|Exercise||Exercise until 19:15 CET on Last Trading Day only|
|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|
|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
|Algorithm||Central order book applies a price-time trading algorithm with priority given to the first order at the best price. Depending on the outcome of the Liquidity Provider auction, in certain classes Price/Time preferencing can be active, which means that Primary Market Makers (PMM) have a right to a certain percentage of the turnover traded at the PMM’s best bid or offer.|
|Last update||21 April 2020|
| See the document "Financial derivatives tick sizes" in "Related documentation" to find the applicable tick table per class.
 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.
 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.
|In the United States this product may only be offered and sold to prescribed entities under specified condition.|