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Russia and IOB 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.

 

FTSE RIOB index options

Contract value

Index value x US$50

Maturity

Six and 12 months

Listing of new expiry month

Occurs on the fourth IOB trading day prior to the expiration day in each expiry month. At least five put and call options are listed

Tick size

0.01 where price < US$0.1

0.05 where US$0.1 ≤ price <US$4.0

0.10 where US$4.0 ≤ price <US$10.0

0.25 where price ≥ US$10.0

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 an IOB trading day, the preceding IOB trading day

Expiration settlement price

The closing value for the FTSE Russia IOB index as established during the IOB’s closing auction for Russian DRs

FTSE RIOB index futures

Contract value

Index value x US$50

Maturity

Six and 12 months

Listing of new expiry month

Occurs on the fourth IOB trading day prior to the expiration day in each expiry month.

Tick size

US$0.25 or

US$0.05 where traded as part of a standard combination

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 an IOB trading day, the preceding IOB trading day

Expiration settlement price

The closing value for the FTSE Russia IOB index as established during the IOB’s closing auction for Russian DRs

IOB DR options

Contract size

Normally 100 DRs

Maturity

Three, six and 12 months

Listing of new expiry month

Occurs on the fourth IOB trading day prior to the expiration day in each expiry month. At least five put and call options are listed

Tick size

0.01 where price < US$0.1

0.05 where US$0.1 ≤ price <US$4.0

0.10 where US$4.0 ≤ price <US$10.0

0.25 where price ≥ US$10.0

Delivery

Physical

Option style

European puts and calls

Premium settlement day

T+1

Expiration day

The third Friday of the expiration month of the expiration year, or where such day is not an IOB trading day, the preceding IOB trading day

Expiration settlement price

EDSP for the underlying DR calculated during the closing auction period on the expiration day

IOB DR futures

Contract size

Normally 100 DRs

Maturity

Three, six and 12 months

Listing of new expiry month

Occurs on the fourth IOB trading day prior to the expiration day in each expiry month

Tick size

US$0.10

Delivery

Daily cash settlement with physical delivery of the underlying DR

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 an IOB trading day, the preceding IOB trading day

Expiration settlement price

EDSP for the underlying DR calculated during the closing auction period on the expiration day

IOB market making spread obligations(pdffile pdf - 11 KB)