Sibiu Stock Exchange is going to trade derivatives contracts on EUR/USD, starting April, 18th, 2011, at 9:45.
These instruments are:
- futures contract on euro/dollar, denominated in lei, with EUR/USD_RON symbol
- Options on euro/dollar with OPEUR/USD_RON symbol.
These new contracts were approved by the National Securities Commission further to certificates no 104 and 105/7.04.2011.
The underlying asset of the futures contract EUR/USD_RON is EUR/USD ratio, the size of the contract is 10.000 lei (RON) x European currency and US Dollar ratio and the tick size is 0.00001 lei (0.1 lei/contract).
The contract will have quarterly settlement dates, the trading months of the contract being: March, June, September and December and the maximum validity of one contract being 12 months.
The margin for EUR/USD_RON futures contract is 300 lei/contract.
The settlement date for EUR/USD_RON futures contract is the second Friday before the third Wednesday of the settlement month. If the second Friday before the third Wednesday of the settlement month is not a working day, the settlement date will be the working day previous to the second Friday before the third Wednesday of the settlement month.
The settlement price on settlement date is the same with settlement price of EUR/USD futures contract published by Chicago Mercantile Exchange, on the settlement date of the EUR/USD_RON futures contract.
Options on EUR/USD_RON have as underlying asset the futures contract on EUR/USD_RON, they have American style, and the distance between exercise prices is 500 ticks.
Trading hours for the new derivatives instruments:
Monday-Friday
- 09:15 – 09:45 pre-session
- 09:45 – 19:00 Trading session
For the settlement date: 9:45-19:00.
Complete specifications of the new products are available on www.sibex.ro .