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Contract Specifications
Contract size
One FTSE Bitcoin / FTSE Ethereum Index Futures contract.
Settlement
The exercise of an option on the FTSE Bitcoin / FTSE Ethereum Index Futures contract results in the creation of a corresponding position in the FTSE Bitcoin / FTSE Ethereum Index Futures for the option buyer as well as the seller to whom the exercise is assigned. The position is established after the Post-Trading Full Period of the exercise day, and is based on the agreed exercise price.
Price quotation and minimum price change
The price quotation is in Crypto index points. The minimum price change for OBTE and OBTU is 1 index point (OETE and OETU 0.1 index point), equivalent to a value of EUR/USD 1.
Contract months
Up to 9 months: Five weekly expirations, the next three succeeding calendar months and the two following quarterly months of the March, June, September and December cycle thereafter.
Last trading day
Last trading day is the final settlement day.
Final settlement day is the last Friday of each expiration month if this is an exchange day; otherwise the exchange day immediately preceding that day. In addition to the standard expirations, last trading day is the Friday of the respective expiration week.
Close of trading in these expiring option series on the last trading day is at 17:00 CET.
Daily settlement price
The daily settlement price is established by Eurex. The daily settlement prices for Options on FTSE Bitcoin / FTSE Ethereum Index Futures are determined trough the binomial model according to Cox/Ross/Rubinstein.
Final settlement price
The final settlement price is established by Eurex at 17:00 CET on the final settlement day of the contract and is determined by the value of the respective index
Exercise
European-style; an option can only be exercised on the final settlement day of the respective option series until the end of the Post-Trading Full Period (20:30 CET)
Exercise prices
Options series can have exercise prices in Crypto index points, for OBTE and OBTU 500 points at-the-money and 1,000 points further in-/out-of-the-money (5 weeks) and 1,000 points at-the-money and 5,000 points further in-/out-of-the-money; for OETE and OETU 25 points at-the-money and 50 points further in-/out-of-the-money (5 weeks) and 100 points at-the-money and 500 points further in-/out-of-the-money.
Number of exercise prices
Upon the admission of the options, at least forty exercise prices shall be made available for each term for each call and put, such that twenty exercise prices are in-the-money, one is at-the-money and ten are out-of-the-money.
Option premium
The premium is settled using the futures-style method.
Block Trades
Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 10 contracts
Market-Making Parameter
All quotation parameters at a glance
Mistrade Parameter
This file provides an overview of mistrade ranges for Options and Futures including information on their behavior close to expiration and in stressed markets.
Crossing Parameters
(section 2.6 Eurex Trading Conditions)
(1) Orders and Quotes relating to the same Instrument or Combined Instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Trader or several Exchange Traders of an Admitted Company (a “Cross Trade”) nor pursuant to a prior understanding between Exchange Traders of two different admitted companies (a “Pre-Arranged Trade”), unless the conditions according to Paragraph 2 have been fulfilled. The same shall apply for the entry of Orders as part of a Quote.
(2) A Cross Trade or a Pre-Arranged Trade is admissible if a participant in a Cross Trade or a Pre-Arranged Trade Eurex Trading System, announces his intention to execute a corresponding number of Contracts as Cross Trades or Pre-Arranged Trades in the Order Book (“Trade Request”). The buying participant has to ensure that he himself or the selling participant enters the Trade Request. The Order or Quote giving rise to the Cross Trade or Pre-Arranged Trade must be entered one second at the earliest and 121 seconds at the latest after the entry of the Trade Request. Entering a Trade Request without entering the respective Order or Quote is not admissible.
(3) Paragraphs 1 and 2 shall not apply to Transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).
(4) The automated entry functionality for Cross Trades or Pre-Arranged Trades of the Eurex Trading System may be used for entering Cross Trades or Pre-Arranged Trades. In this case, announcement and entry of the corresponding Orders pursuant to Paragraph 2 will be automated.
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 07:30 | 08:00 | 20:00 | 20:30 |
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 07:30 | 08:00 | 17:00 | 20:30 |
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last Trading Day for Bitcoin ETN Futures
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for FTSE Bitcoin Index Derivatives (standard maturity/expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last Trading Day for Bitcoin ETN Futures
Last trading day for FTSE Bitcoin Index Derivatives (standard maturity/expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last Trading Day for Bitcoin ETN Futures
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for FTSE Bitcoin Index Derivatives (standard maturity/expiration)
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last Trading Day for Bitcoin ETN Futures
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for FTSE Bitcoin Index Derivatives (standard maturity/expiration)
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last Trading Day for Bitcoin ETN Futures
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for Bitwise Physical Bitcoin ETP Futures
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for FTSE Bitcoin Index Derivatives (standard maturity/expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last Trading Day for Bitcoin ETN Futures
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for FTSE Bitcoin Index Derivatives (standard maturity/expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last Trading Day for Bitcoin ETN Futures
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for FTSE Bitcoin Index Derivatives (standard maturity/expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin Index Futures (weekly expiration)
Last Trading Day for Bitcoin ETN Futures
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last trading day for FTSE Bitcoin / Ethereum Index Derivatives (standard maturity/expiration)
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last Trading Day for Bitcoin ETN Futures
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last trading day for FTSE Bitcoin / Ethereum Index Derivatives (standard maturity/expiration)
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last Trading Day for Bitcoin ETN Futures
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last trading day for FTSE Bitcoin / Ethereum Index Derivatives (standard maturity/expiration)
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last Trading Day for Bitcoin ETN Futures
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last trading day for FTSE Bitcoin / Ethereum Index Derivatives (standard maturity/expiration)
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Last Trading Day for Bitcoin ETN Futures
Last trading day for Options on FTSE Bitcoin / Ethereum Index Futures (weekly expiration)
Eurex is closed for trading in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Last trading day for FTSE Bitcoin / Ethereum Index Derivatives (standard maturity/expiration)
Trading in selected derivatives on products traded on Xetra® and on the Vienna Stock Exchange will end earlier than usual - see Eurex circular 114/24 (https://www.eurex.com/ex-en/find/circulars/circular-4170768)
Eurex is closed for trading in all derivatives
| Fee Type | Fee |
|---|---|
| Exchange transactions: Standard fees (A-accounts) | EUR 0.85 per contract |
| Exchange transactions: Standard fees (M- and P-accounts) | EUR 0.70 per contract |
| TES transactions / Eurex EnLight: Standard fees (A-accounts) | EUR 1.25 per contract |
| TES transactions / Eurex EnLight: Standard fees (M- and P-accounts) | EUR 1.00 per contract |
| Position Closing Adjustments (A-accounts) | EUR 1.75 per contract |
| Position Closing Adjustments (M- and P-accounts) | EUR 1.50 per contract |
| Exercise of options (A-, M- and P-accounts) | EUR 0.85 per contract |
| Assignment of options (A-, M- and P-accounts) | EUR 0.85 per contract |
| Position transfer with cash transfer | EUR 7.50 per transaction |
Market Status ⓘ
XEUR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
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