FTSE EPRA/NAREIT Eurozone Index Futures
Exchange contract codeEPE
Contract sizeContract valued at € 10 per index point (e.g. value € 41,000 at 4,100.0)
Unit of trading10
Pricing unit/quotationIndex points (e.g. 4,100.0)
Minimum price movement (tick size and value)Central Order Book: 0.5 index point (€ 5 per contract)
Large-in-Scale Facility : 0.0001 index points (€ 0.001 per contract)
Expiry months3, 6 and 9 months quarterly (of the March, June, September, December cycle)
Introduction of new expiry monthsNew expiry months are available for trading on the first business day after the expiry of a maturity.
Wholesale servicesLarge-in-Scale Facility. 
See the “LIS thresholds" document for the minimum size thresholds.
Euronext marketParis
Last trading dayTrading ceases at 17:45 CET/CEST 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.
SettlementCash Settlement based on the EDSP
Settlement dayFirst business day after the Last Trading Day
Exchange Delivery Settlement Price (EDSP)Closing price of the FTSE EPRA/NAREIT Eurozone Index, calculated by FTSE Group on the Last Trading Day (rounded to one decimal place)[1].
Clearing organizationEuronext Clearing 
Trading hoursCentral Order Book: 08:00 – 20:00 CET/CEST
Large-in-Scale Facility: 07:30 - 20:00 CET/CEST
Trades of both Day session [07:15 - 18:30] and Evening session [18:30 - 22:00] are cleared on the same day of trade execution (T)
Trading platformOptiq
AlgorithmCentral order book applies a price-time trading algorithm with priority given to the first order at the best price.
Last update16 September 2024
 
[1] Please refer to Paris Notice No. 2011–24 issued on 9 September 2011 which provides details of the procedures to be followed when determining the closing settlement price in case of special market circumstances.
[2] 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.
 This product may not be offered and sold to US persons.
Related documentation
Related documentation