ICE Associated British Foods PLC

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Associated British Foods (ABF) is a conglomerate of five business segments: Sugar; Agriculture; Retail; Grocery; and Ingredients.[1] The Grocery segment manufactures products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products, which are sold to retail, wholesale and foodservice businesses. Sugar is engaged in growing and processing of sugar beet and sugar cane for sale to industrial users. The Agricultural business looks at the manufacture of animal feeds and the provision of other products and services for the agriculture sector. Ingredients is involved with the manufactures of bakers’ yeast, bakery ingredients, enzymes, lipids, yeast extracts and cereal specialties. Lastly, Retail is engaged in buying and merchandising value clothing and accessories through the Primark and Penney's retail chains.[2]

Please see ICEBlock Only contracts here[3]

Associated British Foods PLC Futures
Trading Screen Product Name Associated British Foods
Trading Screen Hub Name ICEU
Contract Symbol ABR
Unit of Trading One option normally equals rights over 1000 shares. Due to corporate action contract adjustments some equity options series may have a non-standard contract size. Details of non-standard contract sizes can be found here[4]
Quotation Pence per share
Minimum Price Fluctuation 0.25 pence per share / £2.50
Last Trading Day 16:30 London Time. Third Friday in expiry month
  • In the event that this day is not a business day, then the Last Trading Day shall normally be the preceding full business day
Algorithm Price-time trading algorithm with priority given to the first order at the best price.
Block Trade Minimum 100 contracts

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

Exercise Exercise by 18:30 London time on any business day
Delivery Months Target Group Options* - Serial months out to two years. Longer dated expiries beyond two years with a maximum expiry of five years are available on ICE Block only.

Non Target Group Options* - Serial months out to one year. Longer dated expiries beyond one year with a maximum expiry of five years are available on ICE Block only.

  • A list of Target Group and Non Target Options can be found here.[5]
Settlement Date Settlement Date is two business days following the day of exercise/Last Trading Day.
Deliverable Specifications Delivery will be 1,000 shares (or other such number of shares as determined by the terms of the contract).
Option Premium Payable in full by the buyer on the business day following a transaction.
Additional Information In the United States these products may only be offered and sold to prescribed entities under specified conditions.
Stock Exchange London Stock Exchange
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 ABR
Logical ABR
GMI (FC) None
ION A.C.N. None

Notes

References

  1. ABF:Our business. ABF.
  2. Associated British Foods PLC. Reuters.
  3. ICEBlock Only contracts. {{{org}}}.
  4. non-standard contract sizes. {{{org}}}.
  5. Target Group and Non Target Options. {{{org}}}.

Resources

ICE Associated British Foods PLC Product Spec