ICE Futures and Options | Product Guide
- Trading Screen Product Name
- Burberry Group
- Trading Screen Hub Name
- ICEU
- Contract Symbol
-
BRW
- Unit of Trading
-
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
- Quotation
-
Pence per share
- Minimum Price Fluctuation
-
0.25 pence per share / £2.50
- Last Trading Day
-
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 - Algorithm
-
Price-time trading algorithm with priority given to the first order at the best price.
- Block Trade Minimum
-
250 contracts
Block Trades can be reported up to 17:30 London time on any business day other than the Last Trading Day - Exercise
-
Exercise by 18:30 London time on any business day
- Delivery Month
-
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
-
Settlement Date is two business days following the day of
exercise/Last Trading Day. - Deliverable Specifications
-
Delivery will be 1,000 shares (or other such number of shares as determined by the terms of the contract).
- Option Premium
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Payable in full by the buyer on the business day following a transaction.
- Additional Information
-
In the United States these products may only be offered and sold to prescribed entities under specified conditions.
- Stock Exchange
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London Stock Exchange
- MIC Code
- IFLO
- Clearing Venues
- ICEU