February, March, May, June, August, September, November, December
January, April, July, October
OBX Index Futures
Contract Underlying
The OBX Index. The benchmark index for Norway.
Type of Contract
Cash settled Futures Contracts with Daily Cash Settlement.
Central Counterparty
LCH.Clearnet.
Trading Hours
08:00 - 16:20 London time for Orderbook trading.
07:30 - 17:30 London time for Trade Reporting.
Multiplier
NOK 100 per Index point.
Currency
NOK, Norwegian Kroner.
Quotation display
Future Price in Index points.
Tick Size and Tick Value
Future Price
Tick Size
Tick Value
0 points - 1000 points
0.10 points
NOK 10
1000 points - infinity
0.25 points
NOK 25
Settlement style
Cash Settlement on Expiration with Daily Cash Settlement throughout the lifetime of the Contract.
Listing Day
The Monday preceding the Expiration Day each month.
Where this is not a normal Trading Day, the preceding Trading Day shall be used.
Expiration Day
The third Thursday in the Expiration Month.
Where this is not a normal Trading Day, the preceding Trading Day shall be used.
Contract lifetimes and Expiration Months
Out to six months:
First two non quarterly months of "February, March, May, June, August, September, November, December" cycle;
First two quarterly months of "January, April, July, October" cycle.
Daily Settlement Price
The official closing price of the OBX Index as calculated each day by Oslo Børs and adjusted for Fair Value.
Daily Cash Settlement
One Bank Day after the Trade Day/ calculation of Daily Settlement Price for cash movements of Daily Settlement Amounts.
Expiration Settlement Price
VWAP of the OBX cash market, including closing auction calculated by Oslo Børs on Expiration Day.
Expiration Settlement
One Bank Day after Expiration for payment of Expiration Settlement Amount.
OBX Index Options
Contract Underlying
The OBX Index. The benchmark index for Norway.
Type of Contract
European Style, cash settled Call and Put Options Contracts.
Central Counterparty
LCH.Clearnet.
Trading Hours
08:00 - 16:20 London time for Orderbook trading.
07:30 - 17:30 London time for Trade Reporting.
Exercise Window
18:10 - 18:40 London time on Expiration Day.
Multiplier
NOK 100 per Index point.
Currency
NOK, Norwegian Kroner.
Quotation display
Option Premium in Index points.
Tick Size and Tick Value
Premium
Tick Size
Tick Value
0.0 points - 0.10 points
0.01 points
NOK 1
0.1 points - 3.95 points
0.05 points
NOK 5
4.0 points - 7.90 points
0.10 points
NOK 10
8.0 points - infinity
0.25 points
NOK 25
Settlement style
Cash Settlement.
Option style
European Style.
Listing Day
The Monday preceding the Expiration Day each month.
Where this is not a normal Trading Day, the preceding Trading Day shall be used.
Expiration Day
The third Thursday in the Expiration Month. Where this is not a normal Trading Day, the preceding Trading Day shall be used.
Contract lifetimes and Expiration Months
Out to six months:
First two months of "February, March, May, June, August, September, November, December" cycle;
First two months of "January, April, July, October" cycle.
End of Day Price
Used for margining purposes, based on the volatility surface, itself dependent on; quotes per series,
Underlying spot price, applicable interest rate, dividend amount (if applicable), ex-dividend date (if applicable),
the second order interpolation and the arbitrage free surface.
Exercise Settlement Price
VWAP of the OBX cash market, including closing auction calculated by Oslo Børs on Expiration Day.
Exercise Settlement
One Bank Day after Expiration Day for payment of Exercise Settlement Amount.
Premium Settlement
One Bank Day after the Trade Day.
The OBX index is Norway benchmark index comprising the top 25 Norwegian blue chip companies as listed
on Oslo and also offered for trading on Turquoise cash markets. A unique and cooperative clearing and
trading link run between Turquoise Derivatives and Oslo´s derivative market allows international
investors the opportunity to directly interact with domestic market liquidity through a Turquoise
connection. Volumes of around eight million contracts a year in the OBX have established the index as
one of Europe´s strongest second tier indices and target for asset managers, market makers, high frequency
traders and investment banks looking to capitalise on new trading opportunities.
