IDEM Italian Derivatives Market

From 2015, Directa has added to the tradable financial instruments the options on the FTSE MIB index (MIBO, put and call), of which it has initially allowed only the purchase.
From May 2019, it also allows the sale of the options: long and short transactions are therefore possible on all the MIBOs listed on the IDEM segment of Borsa Italiana Stock Exchange.

To trade the options, you can use the order entry form on directa's basic web platform or the optionRuler platform integrated in the dLite; the latter also allows you to compose and test trading strategies quickly and easily.

Prior authorization is required (from INFO> ADDITIONAL ACTIVATIONS AND VARIATIONS> 5a> Options), subject to a passing of a quiz to verify a degree of knowledge of the user on this subject to be enough to allow him to conduct well aware trading (as an alternative to the quiz, it's possible to submit a document proving a previous trade operations on options with other brokers).


COMMISSION PER OPTIONS' CONTRACT

Easy
MIBO options
€ 2.5


COMMISSION PER CONTRACT

There are two commission profiles. The switch between them has an immediate effect.

Easy
FTSE MIB
€ € 6
mini FTSE MIB
mini FTSE 100
€ € 4
Micro FTSE MIB
2 €


Dynamic
intraday contracts
FTSE MIB
MINI
first
€ € 9
€ € 8
second
€ € 8
€ € 7
from 3rd to 5th
€ € 7-6-5
€ € 6-5-4
from 6th to 25th
€ € 4
€ € 3
from 26th to 50th
€ € 3
€ € 2
from 51st on
€ € 2.5
€ € 1.5
N.B. Dynamic commissions are the result of the total number of executed trades combined including even those carried out on different markets, such as : EUREX - CME - IDEM - MTA - SEDEX...
Please Note: Easy commission executions are not included in the calculation of the dynamic commission.

MARGIN REQUIREMENTS