Contract code OBM
Unit of trading One Milling Wheat No.2 futures contract
Pricing unit/quotation (= PRICE BASIS) Euro and euro cents per metric tonne
Option style 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)
Expiry months 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.
Wholesale services Exchange of options for options.
Euronext market Paris
Expiry day 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).
Contract Standard  Assignment of one Milling Wheat futures contract for the expiry month at the exercise price.
Clearing organization LCH SA
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 28 May 2019