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]
Resources[edit]
CME Group Snowfall Day contracts