EURO STOXX Sector Indexes
The EURO STOXX Index is a broad subset of the STOXX Europe 600 Index. The number of components is variable, and the index encompases large-, mid-, and small-capitalisation companies of 12 Eurozone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.
The index has spawned several sectors, and as of January 8, 2008, Eurex has listed futures and options on 18 of them:
- EURO STOXX Automobiles & Parts Futures and Options
- EURO STOXX Banks Futures and Options
- EURO STOXX Basic Resources Futures and Options
- EURO STOXX Chemicals Futures and Options
- EURO STOXX Construction & Materials Futures and Options
- EURO STOXX Financial Services Futures and Options
- EURO STOXX Food & Beverage Futures and Options
- EURO STOXX Health Care Futures and Options
- EURO STOXX Industrial Goods & Services Futures and Options
- EURO STOXX Insurance Futures and Options
- EURO STOXX Media Futures and Options
- EURO STOXX Oil & Gas Futures and Options
- EURO STOXX Personal & Household Goods Futures and Options
- EURO STOXX Retail Futures and Options
- EURO STOXX Technology Futures and Options
- EURO STOXX Telecommunications Futures and Options
- EURO STOXX Travel & Leisure Futures aSTOXX Utilities Futures and Options
Although each sector is different, the contract specifications are the same for each sector.
EURO STOXX Sector Index futures | ||
---|---|---|
Exchange | Eurex | |
Settlement | Cash settled | |
Contract Size | €50 multiplied by the value of the index | |
Pricing Unit | €50 | |
Tick Value | €5 | |
Contract Months | Up to 9 months: The three nearest quarterly months of the March, June, September and December cycle. | |
Last Trading Day | Last Trading Day is the Final Settlement Day, which is the third Friday of each maturity month if this is an exchange day; otherwise the exchange day immediately preceding that day. Close of trading in the maturing futures on the Last Trading Day is at the Beginning of the Xetra® intraday auction starting at 12:00 CET. | |
Note: This contract is electronic ONLY -- no open outcry | ||
No Open Outcry | Electronic | |
Trading Hours | N/A | 7:50 am CET to 22:00 (10:00 pm) CET, except on last trading day, when trading ends at 12:30 pm CET (Eurex operates in three trading phases: pre-trading, trading and post-trading. The post-trading phase is further split in several periods where different functions are available. Pre-trading begins at 7:30 am CET, and post-trading ends at 22:30 (10:30 pm) CET, except on the last trading day, when trading ends at 12:00 CET) |
Ticker Symbol | N/A | N/A |
Price Limits | N/A | N/A |
EURO STOXX Sector Index options | ||
Trade Unit | €50 multiplied by the value of the index | |
Point Value | €50 (The Price Quotation is in points with one decimal place. The Minimum Price Change is 0.1 points.) | |
Tick Value | €5 (0.1) | |
Option Months | Up to 24 months: The three nearest successive calendar months, the three following quarterly months of the March, June, September and December cycle thereafter, and the two following semi-annual months of the June and December cycle thereafter. | |
Strike Prices | Every 5 index points when a contract has three months or less before expiry. Every 10 points when a contract has between three and 12 months before expiry, and every 20 points when a contract has between 12 and 24 months before expiry. | |
Exercise Style | European-style (An option can only be exercised on the Final Settlement Day of the respective option series until the end of the Post-Trading Full Period (21:00 CET). | |
No Open Outcry | Electronic | |
Trading Hours | N/A | Same as futures |
Ticker Symbol | N/A | N/A |
Price Limits | N/A | N/A |
References[edit]
EURO STOXX Sectors Futures Home Page at Eurex: http://www.eurexchange.com/trading/products/IDX/STX/ESF/products_en.html
EURO STOXX Sectors Options Home Page at Eurex: http://www.eurexchange.com/trading/products/IDX/STX/ESO/products_en.html