ICE AEX Index

From MarketsWiki
Jump to: navigation, search
ExAna-logo.jpg

The AEX Index is largely tied to the Dutch markets, as it is the most widely used indicator for the Dutch Stock Market and reflects the performance of the 25 largest and most actively traded shares on Euronext Amsterdam. AEX is a free float market capitalization weighted index that serves as an underlying for structured products, funds, exchange traded funds, options, and futures.[1]

AEX Index Futures
Trading Screen Product Name IMEQ AEX - Euro FLEX Index Opt
Trading Screen Hub Name ICNL
Contract Symbol YAX
Unit of Trading Contract valued at € 100 per index point (eg value € 55,800 at 558).
Delivery Months The nearest 3 expiry months plus one quarterly from Mar, Jun, Sep, Dec cycle
Quotation Index points (e.g. 558).
Minimum price movement (tick size and value) 0.01 euro (€1.00 per contract)
Last Trading Day Trading cease at 16:00 (Amsterdam time) on the third Friday of the delivery month.

In the event that the third Friday is not a business day, the Last Trading Day shall normally be the last business day preceding the third Friday.

Exchange Delivery Settlement Price Price determined on the Last Trading Day as the average of the AEX-index values calculated and disseminated at one minute intervals between, and including, 15:30 and 16:00 CET. The EDSP value is rounded to two decimal places (see for more information about the AEX index exchange delivery settlement price the website from Euronext)
Block Trade Minimum 440 Contracts

Block Trades can be reported up to 17:30 Amsterdam time on any business day other than the Last Trading Day

Exercise Exercise by 19:30 (Amsterdam time) on the Last Trading Day only.

The interval between Exercise Prices is determined by the lifetime of the expiry month, and its proximity to the at-the-money strike.

A price established on the trading day will used as the reference to determine the introduction of additional series on the next trading day in order to list the minimum number of series as determined by the strike introduction policy: 5 strikes above and below ATM in increments of 0.1 or 0.5 or 1 or 2

Settlement Date Settlement day is the first business day after the Last Trading Day.
Matching Algorithm Central Order Book applies a price time trading algorithm, with priority given to first order at the best price.
Contract Standard Cash settlement based on the Exchange Delivery Settlement Price.
Option Premium Is payable by the buyer in full on the business day following a transaction
Statement in relation to EDSP Formation Potential users of the AEX (European-Style Exercise) Options Contracts made available on ICE Endex should familiarise themselves with the relevant Index compilation and calculation procedures, as well as the relevant Contract Rules which can be found here.
MIC Code IFLO
Clearing Venues ICEU
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 3:00 AM - 11:30 AM

03:00 - 11:30

None
LONDON 8:00 AM - 4:30 PM

08:00 - 16:30

None
SINGAPORE 4:00 PM - 12:30 AM

16:00 - 00:30

None
Codes Clearing Admin Name LSE Master
Physical III
Logical III
GMI (FC) None
ION A.C.N. None

Notes

References

  1. AEX Quote - AEX-Index. Bloomburg.

Resources

ICE AEX Index Product Spec