国际证券交易所ISE外汇期权合约.pdf

国际证券交易所 ISE 外汇期权合约 PRODUCT SPECIFICATIONS: EURO (EUI) Symbol EUI FX Description The underlying value for ISE FX Options® on the exchange rate USD/EUI. 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 The minimum trading increment for an FX options contract is $0.01. Increments 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 HAX Symbol 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 on Yahoo Finance. Position and The position and exercise limits are 1,200,000 contracts on the same Exercise Limits side of the market. Position and Exercise limits are subject to cha