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Danish derivative contract specifications

Specifications on this page should be used as a rough guide only. For full and up-to-date contract specifications please refer to the EDX London Rulebook.

Month Key Code

OMXC20 Options

Contract value	Index value x DKK 100
Maturity	Contracts of three and nine months are listed.
Listing of new expiry month	Occurs on the first listing date, which is the fourth Danish trading day prior to the current month’s expiration day. At least three put and call options are listed. For maturities longer than six months, at least two put and call options are listed.
Tick size	0.01 where price < DKK 0.1
	0.05 where DKK 0.1 ≤ price <DKK 4.0
	0.25 where price ≥ DKK 4.0
Delivery	Cash settlement
Option style	European
Premium settlement day	T+1
Expiration day	The third Friday of the expiration month of the expiration year, or where such day is not a Danish trading day, the preceding Danish trading day.
Expiration settlement price	VWAP of the OMXC20 index over the expiration day.

OMXC20 futures

Contract value	Index value x DKK 100
Maturity	Contracts of three and nine months are listed.
Listing of new expiry month	A new expiration month is listed on the fourth Danish trading day prior to the expiration day in the current month.
Tick size	0.01 where price < DKK 0.1
Tick size	0.05 where price ≥ DKK 0.1
Delivery	Daily cash settlement
Daily settlement price	Normally last traded price.
Expiration day	The third Friday of the expiration month of the expiration year, or where such day is not a Danish trading day, the preceding Danish trading day.
Expiration settlement price	VWAP of the OMXC20 index over the expiration day.

Danish stock options

Contract size	100 shares except for A.P. MØller-Maersk B where the contract size is one share.
Maturity	Nine months
Listing of new expiry month	Occurs on the fourth Danish trading day prior to the expiration day in each expiry month. At least five put and call options are listed (two for maturities longer than 6 months)
Tick size	0.01 where price < DKK 0.1
	0.05 where DKK 0.1 ≤ price <DKK 4.0
	0.25 where price ≥ DKK 4.0
Delivery	Physical
Option style	American
Premium settlement day	T+1
Expiration day	The third Friday of the expiration month of the expiration year, or where such day is not a Danish trading day, the preceding Danish trading day.
Expiration settlement price	VWAP for the underlying Danish stock over the expiration day

Danish stock futures

Contract size	100 shares except for A.P. MØller-Maersk B where the contract size is one share.
Maturity	Nine months
Listing of new expiry month	Occurs on the fourth Danish trading day prior to the expiration day in each expiry month.
Tick size	0.01 where price < DKK 0.1
Tick size	0.05 where price ≥ DKK 0.1
Delivery	Daily cash settlement with physical delivery of the underlying share.
Daily settlement price	Normally last traded price
Expiration day	The third Friday of the expiration month of the expiration year, or where such day is not a Danish trading day, the preceding Danish trading day.
Expiration settlement price	VWAP for the underlying Danish stock over the expiration day.