Contract specifications

 

The below table contains the contract specification details for ASX Wool Futures and Options.

All exchange traded futures and options have standard contract specifications. Without contract specifications it is impossible for the buyer and the seller to negotiate only the price of the contract. With contract specifications, all market participants can trade the contracts with confidence as they know what the contract price represents in terms of the underlying physical grade or cash settlement index, the delivery locations and the delivery period.

 

Contract

Micron

Futures

Options
Fine Wool

19

FW
Greasy Wool

21

GW

GWO

 

Rule information