The Cboe Norway 25 index (Symbol: BNO25G) aims to be comprised of the largest 25 Norwegian issuers. This is a gross return index.
Contract Multiplier
NOK 1,000 (e.g. value NOK 108,000 for an index level of 108.00)
Symbol(S)
NO25F
Contract Expirations
The Exchange will list for trading the following expiration months:
1, 2, 3 of the Monthly Cycle;
6 Month of the Quarterly Cycle
Trading Hours
Monday – Friday
08:01 – 15:20
All times referenced are London time.
Trading Platform
CEDX
Minimum Price Intervals
0.005 index points (NOK 5)
Block Trades
The minimum Block Trade quantity for Cboe Norway 25 Index Futures is 15 contracts. For calendar spreads each leg is required to have a minimum quantity of 15 contracts.
The minimum price increment for a Block Trade in Cboe Norway 25 Index Futures is 0.001 index points (NOK 1).
Daily Settlement Price
Index Futures Daily Settlement Prices will be calculated using the volume weighted average prices for the index futures product concerned taken over a two minute period that starts at 15:18:00 London time.
Termination Of Trading
Trading hours for Cboe Norway 25 Index Futures end at 15:20 London time on the final settlement date.
Final Settlement Date
The final settlement date for a Cboe Norway 25 Index Future contract is the third Friday of the calendar month in which the contract expires.
If that Friday that is a Cboe trading holiday, the final settlement date for the contract shall be on the business day immediately preceding that Friday.
Final Settlement Value
The final settlement value calculation for Cboe Norway 25 Index Futures uses a 10 minute average of the index levels (only every 30th print is considered) during the timing window below on the settlement date:
Start: 15:10 London time
End: 15:20 London time
Delivery
Settlement of Cboe Norway 25 Index Future contracts will result in the delivery of a cash settlement amount based on the final settlement value.