Derivatives Market - FX Derivatives Derivatives Market

Dollar
Euro
Market Data
Products' Details
Exercise/Expiration Price
Margin Parameters
Historical Prices
Turnover Statistics
TASE Messages
Rules and Regulations
Euro Derivatives

Euro Options

 

Date Contract

Began Trading

 

November 2001

 

 

Trading Hours

For details, click here

 

 

Contract Unit

EURO 10,000

 

 

Expiration Months

Each month

 

 

 

Options Lifetime

Every month a new series of options for period of three, or six months is issued.

At January, February, April, May, July, August, October and November, a new series for three months is issued.

At March, June, September and December, a new series for six months is issued.

At any given time, four series of options are active.

 

 

Price Quotation

Stated in NIS

 

 

Minimum Price Fluctuation

NIS 1   (for prices up to 20 NIS)

NIS 2   (for prices of 21-100 NIS)

NIS 5 (for prices of 101-200 NIS)

NIS 10 (for prices exceeding 200 NIS)

 

 

Strike Price Increment

2.5, 5 or 10 agorot

 

 

Last Trading Day

The Tuesday before the last Wednesday of the expiration month

 

 

Settlement Price

Rate calculated by the TASE, which defined as the product of two rates:
1. The NIS/ U.S$  rate last published by the Bank of Israel prior to the expiration date , on a day on which trading takes place on the Stock Exchange.
2. The U.S$/ Euro rate that is published in the “Bloomberg” monitors near to the publication of the NIS/ Euro rate.

 

 

Expiration Date

The last Wednesday of the expiration month

 

 

Exercise Style

European. Option contract can be exercised only on the last business day prior to expiration.

 

 

Settlement

Cash settlement.

 

 

Position Limits

100,000

The limit applies to spot month positions three trading days prior to expiration date.

 

 

Maximum Daily

Price Fluctuation

 

None

 

 

Automatic Exercise

All in-the-money options

 

Euro Futures

Date Contract Began Trading

 

November 2001

 

 

Trading Hours

For details, click here.

 

 

Contract Unit

EURO 10,000

 

 

Expiration Months

Each month

 

 

 

Futures Lifetime

Every month a new series of options for period of three, or six months is issued.

At January, February, April, May, July, August, October and November, a new series for three months is issued.

At March, June, September and December, a new series for six months is issued.

At any given time, four series of options are active.

 

 

Price Quotation

Stated in NIS

 

 

Minimum Price Fluctuation

 

NIS 10

 

 

Last Trading Day

The Tuesday before the last Wednesday of the expiration month

 

 

Settlement Price

Rate calculated by the TASE, which defined as the product of two rates:

1. The NIS/ U.S$ rate last published by the Bank of Israel prior to the expiration date, on a day on which trading takes place on the Stock Exchange.

2. The U.S$/Euro rate that is published in the “Bloomberg” monitors near to the publication of the NIS/ Euro rate.

 

 

Expiration Date

The last Wednesday of the expiration month

 

 

Settlement

Cash settlement

 

 

Position Limits

100,000

The limit applies to spot month positions three trading days prior to expiration date.

 

 

 

Maximum Daily Price Fluctuation

 

None