Options on iShares CDN S&P/TSX 60 Fund (XIU)
Trading Unit
100 iShares of the CDN S&P/TSX 60 Fund. Barclays Global Investors Canada Limited is the trustee and manager of the iShares.
Contract Months
Nearest three months plus the next two months in the designated quarterly cycle March, June, September and December.
Annual expiry of March (long term).
Price Quotation
Quoted in Canadian currency.
Last Trading Day/Expiration
Trading ceases on the 3rd Friday of the contract month, providing it be a business day; if not, the 1st preceding day. Options will expire on the Saturday following the last trading day.
Contract Type
American style. Exercise is carried out via the Canadian Derivatives Clearing Corporation (CDCC) and delivery is carried out via the CDS Clearing and Depository Services Inc., on the 3rd business day following the exercise date.
Price Fluctuation
- C$0.01 for premiums of less than C$0.10
- C$0.05 for premiums of C$0.10 and up
Strike Prices
- Set at a minimum of C$0.50 intervals
- Set at a minimum of C$1.00 intervals (long term)
Reporting Limit
500 contracts contracts on the same side of the market in all contract months combined.
Price Limits
A trading halt will be invoked in conjunction with the triggering of "circuit breakers" in the underlying stocks.
Trading Hours (Montréal time)
9:35 a.m. to 4:00 p.m.
