CME Group Seasonal Strip Weather Heating Degree Day

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U.S. Seasonal Strip Weather Heating Degree Day Futures
Contract Unit $20 times the respective CME Seasonal Strip Degree Days (HDD) Index
Price Quotation Dollars per index point
Trading Hours Sunday 5:00 p.m. - Friday 3:15 p.m.

Daily trading halts 3:15 p.m. - 5:00 p.m.

Minimum Price Fluctuation 1 index point (= $20 per contract)
Product Code Weather Product Codes
Listed Contracts HDD: Nov-Mar, Dec-Feb
Settlement Method Financially Settled
Settlement Procedures Seasonal Strip Weather Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 405
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
U.S. Seasonal Strip Weather Heating Degree Day Options
Minimum Price Fluctuation 1 Index Point (= $20 per contract)
Pricing Unit Dollars per index point
Trading Hours MON-FRI: 8:30 a.m.-3:15 p.m.
Last Trade Date/Time Second Exchange business day after the futures contract month, 9:00 a.m.
Contract Months HDD: Minimum of two, and maximum of seven, consecutive calendar months, Oct-Apr
Strike Price Intervals HDD: 1 index point in a range of 1 to 16,000 index points

See CME Rule 405A01.E.

Exercise Procedure European Style - See CME Rule 405A02
Product Code Weather Product Codes
Exchange Rulebook CME 405A
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Underlying Contract One CME US Seasonal Strip Weather Heating Degree Day (HDD) Contract

Notes[edit]

Resources[edit]

CME Group US Seasonal Strip Weather Heating Degree Day