FEX ICX 62 Iron Ore (AUD) (Argus)

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Quarterly cash settled futures and options based on Iron Ore Fines 62% Fe (ICX) cfr Qingdao, as calculated and published by Argus Media in AUD.[1]

FEX ICX 62 Iron Ore (AUD) (Argus) - Futures and Options
Contract Unit 500 metric tonnes of Iron Ore per contract
Currency AUD
Minimum Price Increment (tick size) AUD$0.01 (AUD$5.00 per contract)
Contract Months March, June, September, and December for 8 quarters
Contract Code IO
Contract Type Cash settled
Trading Hours Day; 10.00am - 6.30pm

Night; 8.30pm - 7.00am

Last Trading Day 3rd Thursday of the Contract Month, or prior day if not a business day in Sydney
Settlement Date Second business day in Sydney after the Last Trading Day
Expiry Settlement Price Iron Ore Fines 62% Fe (ICX) cfr Qingdao, as calculated and published by Argus Media in AUD
Option Type European
Option Strike Price Intervals Put and Call options, set at intervals of AUD$1.00, with a minimum of 25 strikes either side of the underlying Reference Price
Option Settlement Process Options which are "in the money", with respect to Expiry Settlement Price, exercise automatically into the Underlying Futures Contract with a contract price equal to the Strike Price. Options which are "out of the money", expire automatically

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