CME Group European Seasonal Strip Weather Heating Degree Day

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European Seasonal Strip Weather Heating Degree Day futures
Exchange CME Group
Settlement Cash settled
Trade Unit 20 GBP times the respective CME European Seasonal Strip Degree Days Index
Point Value 1 point = 1.00 Degree Day Index = 20 GBP
Tick Value 1.00 = 20 GBP
Contract Months Oct, Nov, Dec, Jan, Feb, Mar, Apr
Last Trading Day Two business days following the contract period (9 am CT)
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A Mon/Thurs 5:00 p.m.-3:15 p.m.; Sun/Hol 5:00 p.m.-3:15 p.m., Last Trading Day - 9:00 a.m.
Ticker Symbol N/A Each Contract is a multiple-month contract. The heating degree contract HDD October-April 2009 Seasonal Strip is D2VJ9. D2V is the 3-character product code and J9 is the contract month/year of expiration. Each CME European Seasonal Strip Heating Degree Days is the accumulation of like Degree Days over a minimum of two, and a maximum of seven, consecutive calendar months.
Price Limits N/A N/A
 
European Seasonal Strip Weather Heating Degree Day options
Trade Unit One futures contract
Point Value 1 point = 1.00 Degree Day Index = 20 GBP
Tick Value Regular 1.00=20 GBP; Cabinet 0.50=10 GBP
Option Months 7 consecutive calendar months, Oct, Nov, Dec, Jan, Feb, Mar and Apr.
Strike Prices All listed intervals
Exercise Style European
Option Expiration Day Two business days following the expiration of contract period (9 am CT).
  Open Outcry No Electronic Market
Trading Hours Mon/Fri 8:30 a.m. to 3:15 p.m. (CST) Last Trading Day (9:00 a.m.) N/A
Ticker Symbol Each Contract is a multiple-month contract. The heating degree contract HDD October-April 2009 Seasonal Strip is D2VJ9. D2V is the 3-character product code and J9 is the contract month/year of expiration. Each CME European Seasonal Strip Heating Degree Days is the accumulation of like Degree Days over a minimum of two, and a maximum of seven, consecutive calendar months. N/A
Price Limits N/A N/A

Also See

CME Group weather products

Resources

CME Group Web site

European Heating Degree Day contracts


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