Published On: Fri, Nov 19th, 2010

SGX EURO STOXX 50 Futures to Debut 6 December

Singapore Exchange (SGX) announced November 19 that the SGX EURO STOXX 50 Index futures and options on futures will start trading on its derivatives market on 6 December.

The debut of the US-dollar denominated EURO STOXX 50 futures and options will mark the first time these products are available in Asia.

Ms Janice Kan, Senior Vice President, Derivatives at SGX said, “The launch of the SGX EURO STOXX 50 futures and options will allow investors to respond earlier to developments occurring outside of European trading hours but affecting European equity markets. The addition of these contracts will bring a more international flavour to our suite of equity index derivatives, thereby strengthening our position as the listing, trading and clearing venue of choice in Asia.”

Key Contract Specifications for SGX EURO STOXX 50 Futures
Contract Size: US$10 x SGX EURO STOXX 50 Index Futures Price
Ticker Symbol: EX
Contract Months: 2 nearest serial months and 12 quarterly months on a Mar,Jun, Sep and Dec cycle
Trading Hours:
T session: 8:00 am – 1:00 pm
Pre-open routine will commence at 7.45 am and last for 15 minutes.
T+1 session: 1:30 pm – 2:00 am
Pre-open routine will commence at 1.20 pm and last for 10 minutes.
Trading Hours on Last: Trading Day 8:00 am – 1:00 pm
Minimum Price Fluctuation: 1 index point (US$10)
Last Trading Day:
Third Friday of the expiring month and where such a day is not a contract business day; the last trading day shall be the preceding business day Settlement Basis Cash Settlement

Final Settlement Price:
Final settlement price shall be derived using the average of the EURO STOXX 50® Index calculated between 11.50 and 12.00 CET (6.50pm and 7.00pm Singapore time or 5.50 pm and 6.00 pm during daylight saving time)
Negotiated Large Trade Minimum: 50 lots
Position Limit:
A person shall not own or control any combination of SGX EURO STOXX 50 Index Futures or the SGX EURO STOXX 50 Index Options that exceeds more than 10,000 contracts net long or net short in all Contract Months combined, unless otherwise separately approved by the Exchange.

Please find below the information vendor page codes to view the prices of SGX EURO STOXX 50 Futures.

Information Vendor Code
Bloomberg: STOA index CT
Quick: FEX.yymm/SGXE
SIX Telekurs:
T session : EXmyy,344
T+1 session: EXmyy,812
(m = month code, yy = year code)
Thomson Reuters:
Combined: SEU:
T session: SEUam:
T+1 session: SEUpm:

Key Contract Specifications for SGX EURO STOXX 50 Options
Contract Size: 1 SGX EURO STOXX 50 Index Futures Contract
Ticker Symbol: Calls – CEX ; Puts – PEX
Contract Months: 2 nearest serial months and 12 quarterly months on a Mar,Jun, Sep and Dec cycle
Strike Intervals: 25 index points interval ; ATM +/- 16 strikes
Trading Hours:
T session: 8:00 am – 1:00 pm
Order cancellation session state will commence at 7:45 am and last for 15 minutes.
T+1 session: 1.30 pm – 2:00 am
Order cancellation session state will commence at 1:15 pm and last for 15 minutes.
Trading Hours on Last:
Trading Day 8:00 am –1:00 pm
Minimum Price Fluctuation: 0.1 index point (US$1)
Last Trading Day
Third Friday of the expiring month and where such a day is not a contract business day; the last trading day shall be the preceding business day
Option Exercise European Style: In-the-money options on expiration will be exercised into futures automatically
Negotiated Large Trade: Minimum 25 lots
Position Limit:
A person shall not own or control any combination of SGX EURO STOXX 50 Index Futures or the SGX EURO STOXX 50 Index Options that exceeds more than 10,000 contracts net long or net short in all Contract Months combined, unless otherwise separately approved by the Exchange

Information Vendor Codes
Please find below the information vendor page codes to view the prices of SGX EURO STOXX 50 Options.

Information Vendor Code
Bloomberg: STOA index OMON
Quick: PEX.yymm*1 /SGXE
SIX Telekurs:
T session: EXmyy_Cstrikes,344 /
EXmyy_Pstrikes,344
T+1 session: EXmyy_Cstrikes,812 / EXmyy_Pstrikes,812
(m = month code, yy = year code)
(C=Call) (P=Put)
Thomson Reuters: SEU:+

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