 |
|
|
| Trading Unit |
|
| 500 barrels. |
|
| Price Quotation |
|
| U.S. dollars and cents per barrel. |
|
| Trading Hours (All times are New York time) |
|
| The contract is available for trading on the CME Globex® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM. |
|
| Trading Months |
|
| The listed months will include the remaining months in the current year and the next five (5) years. A new calendar year will be added following the termination of trading in the December contract of the current year. |
|
| Minimum Price Fluctuation |
|
| $0.025 (2.5¢) per barrel ($12.50 per contract). |
|
| Maximum Transaction Size |
|
| 999 contracts. |
|
| Last Trading Day |
|
| Trading terminates at the close of business on the fourth business day prior to the 25th calendar day of the month preceding the contract month. If the 25th calendar day of the month is a non-business day, trading shall cease on the fourth business day prior to the business day preceding the 25th calendar day. |
|
| Settlement Type |
|
| Financial, based on the NYMEX light sweet crude oil futures first nearby contract settlement price on the penultimate trading day for the delivery month. |
|
| Margin Requirements |
|
| Margins are required for open futures positions. |
|
| Error Trade Policy |
|
| CME Error Trade Policy will be in effect. |
|
| Trading Symbol |
|
| QM |
|