ICE Futures and Options | Product Guide

BRW

One option normally equals rights over 1000 shares. Due to corporate action contract adjustments some equity options series may have a non-standard contract size. Details of non-standard contract sizes can be found here

Pence per share

0.25 pence per share / £2.50

16:30 London Time. Third Friday in expiry month
*In the event that this day is not a business day, then the Last Trading Day shall normally be the preceding full business day

Price-time trading algorithm with priority given to the first order at the best price.

250 contracts
Block Trades can be reported up to 17:30 London time on any business day other than the Last Trading Day

Exercise by 18:30 London time on any business day

Non Target Group Options* – Serial months out to one year. Longer dated expiries beyond one year with a maximum expiry of five years are available on ICE Block only.

*A list of Target Group and Non Target Options can be found

Target Group Options* – Serial months out to two years. Longer dated expiries beyond two years with a maximum expiry of five years are available on ICE Block only.Non Target Group Options* – Serial months out to one year. Longer dated expiries beyond one year with a maximum expiry of five years are available on ICE Block only.*A list of Target Group and Non Target Options can be found here

Settlement Date is two business days following the day of
exercise/Last Trading Day.

Delivery will be 1,000 shares (or other such number of shares as determined by the terms of the contract).

Payable in full by the buyer on the business day following a transaction.

In the United States these products may only be offered and sold to prescribed entities under specified conditions.

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