ICE Associated British Foods PLC
Associated British Foods (ABF) is a conglomerate of five business segments: Sugar; Agriculture; Retail; Grocery; and Ingredients.[1] The Grocery segment manufactures products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products, which are sold to retail, wholesale and foodservice businesses. Sugar is engaged in growing and processing of sugar beet and sugar cane for sale to industrial users. The Agricultural business looks at the manufacture of animal feeds and the provision of other products and services for the agriculture sector. Ingredients is involved with the manufactures of bakers’ yeast, bakery ingredients, enzymes, lipids, yeast extracts and cereal specialties. Lastly, Retail is engaged in buying and merchandising value clothing and accessories through the Primark and Penney's retail chains.[2]
Please see ICEBlock Only contracts here[3]
| Associated British Foods PLC Futures | |||
|---|---|---|---|
| Trading Screen Product Name | Associated British Foods | ||
| Trading Screen Hub Name | ICEU | ||
| Contract Symbol | ABR | ||
| Unit of Trading | One option normally equals rights over 1000 shares. Due to corporate action contract adjustments some equity options series may have a non-standard contract size. Details of non-standard contract sizes can be found here[4] | ||
| Quotation | Pence per share | ||
| Minimum Price Fluctuation | 0.25 pence per share / £2.50 | ||
| Last Trading Day | 16:30 London Time. Third Friday in expiry month
| ||
| Algorithm | Price-time trading algorithm with priority given to the first order at the best price. | ||
| Block Trade Minimum | 100 contracts
Block Trades can be reported up to 17:30 London time on any business day other than the Last Trading Day | ||
| Exercise | Exercise by 18:30 London time on any business day | ||
| Delivery Months | Target Group Options* - Serial months out to two years. Longer dated expiries beyond two years with a maximum expiry of five years are available on ICE Block only.
Non Target Group Options* - Serial months out to one year. Longer dated expiries beyond one year with a maximum expiry of five years are available on ICE Block only.
| ||
| Settlement Date | Settlement Date is two business days following the day of exercise/Last Trading Day. | ||
| Deliverable Specifications | Delivery will be 1,000 shares (or other such number of shares as determined by the terms of the contract). | ||
| Option Premium | Payable in full by the buyer on the business day following a transaction. | ||
| Additional Information | In the United States these products may only be offered and sold to prescribed entities under specified conditions. | ||
| Stock Exchange | London Stock Exchange | ||
| MIC Code | IFLO | ||
| Clearing Venues | ICEU | ||
| Trading Hours | CITY | TRADING | PRE-OPEN |
| NEW YORK | 3:00 AM - 11:30 AM
03:00 - 11:30 |
None | |
| LONDON | 8:00 AM - 4:30 PM
08:00 - 16:30 |
None | |
| SINGAPORE | 4:00 PM - 12:30 AM
16:00 - 00:30 |
None | |
| Codes | Clearing Admin Name | LSE Master | |
| Physical | ABR | ||
| Logical | ABR | ||
| GMI (FC) | None | ||
| ION A.C.N. | None | ||
Notes[edit]
References[edit]
- ↑ ABF:Our business. ABF.
- ↑ Associated British Foods PLC. Reuters.
- ↑ ICEBlock Only contracts. {{{org}}}.
- ↑ non-standard contract sizes. {{{org}}}.
- ↑ Target Group and Non Target Options. {{{org}}}.