CME Group Mini-sized Dow
Jump to navigation
Jump to search
| 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[edit]
- 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[edit]
CME Group stock index products