underlying_quantity

The underlying_quantity is the number of underlyings related to the underlying_price or the strike. It should be populated such that this equality holds true: notional_amount = underlying_quantity * underlying_price. It is mostly relevant for Equity and Commodity derivatives.

Equity derivatives

It represents the number of shares/units allocated to the contract. Example of a derivative referencing 10 shares, each with a current price of $50:

• currency_code = “USD”
• underlying_price = 50
• underlying_quantity = 10
• notional_amount = 50 * 10 = 500

Commodity derivatives

It represents the number of the relevant underlying quantity (barrels, tons etc...). Example of a derivative referencing 10 barrels of oil, each with a current price of $25:

• currency_code = “USD”
• underlying_price = 25
• underlying_quantity = 10
• notional_amount = 25 * 10 = 250