|OPTIONS ON MILLING WHEAT NO.2 FUTURES CONTRACT
|Unit of trading
|One Milling Wheat No.2 futures contract
|Pricing unit/quotation (= PRICE BASIS)
|Euro and euro cents per metric tonne
|Milling Wheat options are ‘American’ style - i.e. may be exercised at any time prior to expiry.
|Exercice Price increments
|€1 per tonne
|Minimum price movement (tick size and value)
|10 euro cents per tonne (€5)
|September, December, March and May from September 2015 onwards, such that 12 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.
|Exchange of options for options.
|18:30 on the fifteenth calendar day of the month immediately preceding the expiry month (if not a business day then the following business day).
| Assignment of one Milling Wheat futures contract for the expiry month at the exercise price.
|10:45 – 18:30 CET
|Central order book applies a price-time trading algorithm, with priority given to the first order at the best price.
|28 May 2019