The tick size for Liffe feed wheat is ₤ 0.05 per ton (total contract: ₤ 5.00). The delivery months are January, March, May, July, November, etc. so that there is always 10 contracts are traded. The last trading day is the 23rd day of the delivery month at 12:30. (If not a trading day shall be the subsequent trading day in the July contract. Seventh calendar day) The standard quality specifications are as follows:
Specific weight at least 72.5 kg / hl, a maximum of 3% heat loss, moisture content up to 15%, sprouted up: 6%, other impurities max: 2%. Mycotixine not exceed the maximum amount of EU legislation provisions for unprocessed cereal products intended for use as food.
LIFFE (London International Financial Futures and Options Exchange) is a futures exchange based in London. LIFFE is now part of NYSE Euro Next after the acquisition of Euro Next in 2002 and the acquisition of Euro Next by the NYSE (New York Stock Exchange) in 2007.