|
Symbol
|
|
EUI
|
|
|
|
|
|
FX Description
|
|
The underlying value for ISE FX Options on the exchange rate USD/EUR. The underlying value represents the exchange rate between the US dollar (base currency) and the euro (counter currency) times 100.
|
|
|
|
|
|
Rate Modifier
|
|
100 |
|
|
|
|
|
Premium Multiplier
|
|
$100. The multiplier means that the options premiums are multiplied by $100 to obtain the actual premium amount.
|
|
|
|
|
|
Strike Price Interval
|
|
Strike price increments are $0.10 minimum, but in most cases $0.50.
|
|
|
|
|
|
Minimum Trading Increments
|
|
The minimum trading increment for an FX options contract is $0.01.
|
|
|
|
|
|
Expiration Date
|
|
Saturday following the third Friday of the expiration month.
|
|
|
|
|
|
Expiration Months
|
|
Up to four near-term months followed by up to four additional months from the March quarterly cycle (March, June, September and December). Up to ten long-term months, none further out than thirty-six
|
|
|
|
|
|
Exercise Style
|
|
European style. Options may be exercised only on the last trading day (usually a Friday). Writers are subject to assignment only at expiration.
|
|
|
|
|
|
Last Trading Day
|
|
Trading will ordinarily cease at 12:00 PM Eastern Time on the business day (usually a Friday) preceding the expiration day.
|
|
|
|
|
|
Settlement Type
|
|
Cash settlement
|
|
|
|
|
|
Settlement Value Symbol
|
|
HAX
|
|
|
|
|
|
Settlement Value
|
|
Determined on the last trading day (usually a Friday) based on the WM/Reuters Spot
Rate corresponding to 12:00 PM New York time. Settlement values are available at
www.fxoptions.com
|
|
|
|
|
|
Position and Exercise Limits
|
|
The position and exercise limits are 1,200,000 contracts on the same side of the market. Position and Exercise limits are subject to change.
|
|
|
|
|
|
Trading Hours
|
|
9:30 A.M. - 4:15 P.M. Eastern Time (New York time).
|
|
|
|
|
