| Symbol |
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AUM |
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| FX
Description |
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The underlying value for ISE FX Options on the exchange rate AUD/USD. The underlying value represents the exchange rate between the Australian dollar (base currency) and the US dollar (counter currency) times 100. |
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| Rate Modifier |
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100 |
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| Premium Multiplier |
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$100. The multiplier means that the options premiums are multiplied by $100 to obtain the actual premium amount. |
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| Strike Price Interval |
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Strike price increments are $0.10 minimum, but in most cases $0.50. |
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| Minimum Trading Increments |
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The minimum trading increment for an FX options contract is $0.01. |
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| Expiration Date |
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Saturday following the third Friday of the expiration month. |
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| Expiration Months |
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Up to four near-term months followed by up to four additional months from the March quarterly cycle (March, June, September and December). Up to ten long-term months, none further out than thirty-six |
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| Exercise Style |
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European style. Options may be exercised only on the last trading day (usually a Friday). Writers are subject to assignment only at expiration. |
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| Last Trading Day |
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Trading will ordinarily cease at 12:00 PM Eastern Time on the business day (usually a Friday) preceding the expiration day. |
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| Settlement Type |
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Cash settlement |
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| Settlement Value Symbol |
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EUY |
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| Settlement Value |
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Determined on the last trading day (usually a Friday) based on WM Intra-Day Spot Rate corresponding to 12 noon New York time. |
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| Position and Exercise Limits |
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The position and exercise limits are 600,000 contracts on the same side of the market. Position and Exercise limits are subject to change. |
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| Trading Hours |
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9:30 A.M. - 4:15 P.M. Eastern Time (New York time). |