CME Group Snowfall

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Monthly Snowfall Days Futures
Contract Size $500 times the respective Snowfall Index
Product Description Snowfall (inches) for U.S. cities
Pricing Unit Dollars per index point
Tick Size

(minimum fluctuation)

0.1 index point (= $50 per contract)
Daily Price Limits N/A
Trading Hours

(All times listed are Central Time)

CME Globex (Electronic Platform): Sun 5:00 p.m. – Fri 3:15 p.m. with daily trading halts 3:15 p.m. – 5:00 p.m.
Last Trade Date and Time Futures trading shall terminate at 9:00 A.M. on the second Exchange business day after the futures contract month.
Contract Months Nov, Dec, Jan, Feb, Mar, Apr
Settlement Procedure Cash settlement – See CME Rule 41803
Position Limits All months combined: 10,000 contracts. See CME Rule 41802.D.
Ticker Symbols Boston = SB; NY Central Park = SX; NY LaGuardia = FG; Chicago = SW; Minneapolis = BV; Detroit = EK;

Newark = SK; Baltimore = SZ; Columbus = ST; Colorado Springs = SC

CME Rulebook Chapter 418
Monthly Snowfall Days Options
Underlying Contract Size One Snowfall Index futures contract
Pricing Unit Dollars per index point
Tick Size

(minimum fluctuation)

Full Tick = 0.1 Index Point (= $50 per contract)
Daily Price Limits N/A
Trading Hours

(All times listed are Central Time)

Open Outcry (Trading Floor): Mon – Fri: 8:30 a.m. – 3:15 p.m.
Last Trade Date and Time Futures trading shall terminate at 9:00 A.M. on the second Exchange business day after the futures contract month.
Contract Months Nov, Dec, Jan, Feb, Mar, Apr
Strike Price Intervals 0.1 index point in a range of 0 to 50 index points; See CME Rule 418A01.E
Exercise Procedure European Style – See CME Rule 418A02
Position Limits All months combined: 10,000 futures-equivalent contracts; See CME Rule 418A01.F
Ticker Symbols Boston = SB; NY Central Park = SX; NY LaGuardia = FG; Chicago = SW; Minneapolis = BV; Detroit = EK;

Newark = SK; Baltimore = SZ; Columbus = ST; Colorado Springs = SC

Rulebook Chapter 418A

Also See[edit]

CME Group weather products

Resources[edit]

CME Group Web site

CME Group Snowfall Day contracts


Notes[edit]