CME Group Mini-sized Dow

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Mini-Sized Dow ($5 multiplier) Futures
Contract Unit $5 x Dow Jones Industrial Average ("DJIA")
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with trading halt 4:15 p.m. - 4:30 p.m.

BTIC: Sunday - Friday 6:00 p.m. - 4:00 p.m. ET

Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET

Minimum Price Fluctuation 1.00 index point = $5.00
Product Code CME Globex: YM

CME ClearPort: YM

Clearing: YM

BTIC: YMT

Listed Contracts Four months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Settlement Method Financially Settled
Termiantion of Trading Trading can occur up to 9:30 a.m. ET on the 3rd Friday of the contract month

BTIC trading terminates at 4:00 p.m. ET on the Thursday before the 3rd Friday of contract month

Settlement Procedures Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 27
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Mini-Sized Dow ($5 multiplier) Options
Contract Unit One E-mini Dow ($5) futures contract
Minimum Price Fluctuation Regular tick: 1.00 index points = $5.00, for premium greater than 4.00

Reduced tick: 0.20 index points = $1.00, for premium less than or equal to 4.00

CAB: 0.20 index points = $1.00

Price Quotation U.S. dollars and cents per hundred weight
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a daily trading halt from 4:15 p.m. - 4:30 p.m. ET
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code CME Globex: OYM

CME ClearPort: YM

Clearing: YM

Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters
Termination of Trading Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 27A
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures 500-point intervals within ± 50% pervious day's settlement price of the underlying futures

100- point intervals within ± 20% previous day's settlement price of the underlying futures

50- point intervals within ± 10% previous day's settlement price of the underlying futures for the two nearest quarterly cycle month options.

Exercise Procedure American Style. An option can be exercised until 6:30 p.m. ET on any business day the option is traded
Settlement at Expiration Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options, in the absence of contrarian instructions delivered to the Clearing House by 6:30 p.m. ET on the day of expiration, are automatically exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month.
Settlement Method Deliverable
Underlying E-mini Dow ($5) Futures

Notes

  • Fungibility: BIG Dow futures ($25 multiplier), mini-sized Dow futures ($5 multiplier), and DJIA futures ($10 multiplier) are fungible contracts.
  • Trading Hours for legacy CBOT Dow Jones Index contracts: Trading on the CME Globex platform begins on Sunday, January 13, 2008 (for trade date of Monday, January 14, 2008). Simultaneous with the migration to CME Globex, the trading hours for the Dow Jones Index contracts are harmonized with other CME Group equity index contracts.

Also See

CME Group stock index products

References

CME Group Web site E-mini Dow ($5) Futures Contract Specs

Price Limits