Tuesday July 4 2017
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: Correspondence with Exchange
Country: Italy
Link: http://www.borsaitaliana.it/borsaitaliana/ufficio-stampa/comunicati-stampa/2017/idem.en.htm
As of the 3rd July 2017, IDEM, the Borsa Italiana derivatives market, extended its trading hours. The change affects Futures and MiniFutures on FTSE MIB , the main Borsa Italiana index.
Continuous trading is structured into a daytime session, which will end at 17:50, and an evening session, from 17:50 to 20:30. The evening session follows straight on from the daytime one. Offers made during the daytime session, if not yet executed, or only partly executed, may complete contracts during the evening session.
Contracts stipulated during the whole of the continuous trading session (daytime and evening) will form a single contractual position in terms of their margin lending.
The closure price is calculated on the average, weighted for quantities, of the prices of the last 5% of contracts exchanged before 17:38.
The market model envisages the offsetting of contracts by CC&G on the same trading day aligned with European best practices.
Fees for trading during the continuous trading evening session will be waived until 31 August 2017.
Click on the link above for further details.