EURO STOXX Sector Indexes

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The EURO STOXX Index is a broad subset of the STOXX Europe 600 Index. The number of components is variable, and the index encompases large-, mid-, and small-capitalisation companies of 12 Eurozone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.

The index has spawned several sectors, and as of January 8, 2008, Eurex has listed futures and options on 18 of them:

  • EURO STOXX Automobiles & Parts Futures and Options
  • EURO STOXX Banks Futures and Options
  • EURO STOXX Basic Resources Futures and Options
  • EURO STOXX Chemicals Futures and Options
  • EURO STOXX Construction & Materials Futures and Options
  • EURO STOXX Financial Services Futures and Options
  • EURO STOXX Food & Beverage Futures and Options
  • EURO STOXX Health Care Futures and Options
  • EURO STOXX Industrial Goods & Services Futures and Options
  • EURO STOXX Insurance Futures and Options
  • EURO STOXX Media Futures and Options
  • EURO STOXX Oil & Gas Futures and Options
  • EURO STOXX Personal & Household Goods Futures and Options
  • EURO STOXX Retail Futures and Options
  • EURO STOXX Technology Futures and Options
  • EURO STOXX Telecommunications Futures and Options
  • EURO STOXX Travel & Leisure Futures aSTOXX Utilities Futures and Options

Although each sector is different, the contract specifications are the same for each sector.


EURO STOXX Sector Index futures
Exchange Eurex
Settlement Cash settled
Contract Size €50 multiplied by the value of the index
Pricing Unit €50
Tick Value €5
Contract Months Up to 9 months: The three nearest quarterly months of the March, June, September and December cycle.
Last Trading Day Last Trading Day is the Final Settlement Day, which is the third Friday of each maturity month if this is an exchange day; otherwise the exchange day immediately preceding that day. Close of trading in the maturing futures on the Last Trading Day is at the Beginning of the Xetra® intraday auction starting at 12:00 CET.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 7:50 am CET to 22:00 (10:00 pm) CET, except on last trading day, when trading ends at 12:30 pm CET (Eurex operates in three trading phases: pre-trading, trading and post-trading. The post-trading phase is further split in several periods where different functions are available. Pre-trading begins at 7:30 am CET, and post-trading ends at 22:30 (10:30 pm) CET, except on the last trading day, when trading ends at 12:00 CET)
Ticker Symbol N/A N/A
Price Limits N/A N/A
 
EURO STOXX Sector Index options
Trade Unit €50 multiplied by the value of the index
Point Value €50 (The Price Quotation is in points with one decimal place. The Minimum Price Change is 0.1 points.)
Tick Value €5 (0.1)
Option Months Up to 24 months: The three nearest successive calendar months, the three following quarterly months of the March, June, September and December cycle thereafter, and the two following semi-annual months of the June and December cycle thereafter.
Strike Prices Every 5 index points when a contract has three months or less before expiry. Every 10 points when a contract has between three and 12 months before expiry, and every 20 points when a contract has between 12 and 24 months before expiry.
Exercise Style 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 (21:00 CET).
  No Open Outcry Electronic
Trading Hours N/A Same as futures
Ticker Symbol N/A N/A
Price Limits N/A N/A

References

EURO STOXX Sectors Futures Home Page at Eurex: http://www.eurexchange.com/trading/products/IDX/STX/ESF/products_en.html

EURO STOXX Sectors Options Home Page at Eurex: http://www.eurexchange.com/trading/products/IDX/STX/ESO/products_en.html