ICE 5000 oz Silver

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5000 oz Silver Future

5000 oz Silver Futures
Trading Screen Product Name 5,000 oz Silver Futures
Trading Screen Hub Name ICUS
Contract Size 5,000 troy ounces
Contract Series Every calendar month in the 3-month period beginning with the first listed futures month. Every January, March, May, and September in the 23-month period beginning with the first listed futures month. Every July and December in the 60-month period beginning with the first listed futures month. Notwithstanding the above, new months will be listed on the second business day following the last trading day of expiring months.
Price Quotation U.S. dollars and cents per oz.
Tick Size $0.001 per oz, or $5 per contract
Last Trading Day Third to last business day of the contract month at 1:25pm New York time.
Contract Symbol ZI
Final Settlement Physical delivery
Position Limit Position Limit and Position Accountability information for all IFUS products can be found here.[1]
Daily Price Limit N/A
Off Exchange Trade Types EFP, EFS, Block Trades
Block Trade Minimum 5 contract block trade minimum quantity.
MIC Code IFUS
Clearing Venues ICUS
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 8:00 PM - 6:00 PM*

20:00 - 18:00

7:30 PM

19:30

LONDON 1:00 AM - 11:00 PM*

01:00 - 23:00

12:30 AM

00:30

SINGAPORE 9:00 AM - 7:00 AM*

09:00 - 07:00

8:30 AM

08:30

*Next Day

Market opens at 6:00pm on Sunday, for Monday's trade date. Pre-open at 5:30pm Sunday, 7:30pm Monday through Thursday

Codes Clearing Admin Name 5k oz Silver
Physical ZI
Logical YI
GMI (FC) ZI
ION A.C.N. None
5000 oz Silver Options
Trading Screen Product Name 5000 oz Silver Futures
Trading Screen Hub Name ICUS
Contract Size 5,000 troy ounces
Contract Series Every calendar month in the 3-month period beginning with the first listed options month. Every July and December in the 23-month period beginning with the first listed options month.
Price Quotation U.S. dollars and cents per oz.
Tick Size $0.001 per oz, or $5 per contract
Last Trading Day The fourth business day prior to the first calendar day of the option month. If the last trading day falls on a Friday or immediately prior to an Exchange holiday, the last trading day will occur on the previous business day. Trading in the expiring option contract ends at 1:25 pm NY time.
Contract Symbol ZI
Option Style American style. Options exercise into the underlying futures contract.
Strike Price Intervals Integral multiples of $1.00 and $2.50 per ounce.
Exercise All option contract months shall expire into the nearest month of the standard five month contract cycle (March, May, July, September, December). For example, a March option contract expires into a March futures contract. An April option contract expires into a May futures contract. Unexercised options expire at 8:00pm New York time on the Last Trading Day.

After the close of trading in the expiring options on expiration day, all in-the-money options shall be automatically exercised, unless notice to cancel automatic exercise is given to ICE Clear US by 7:00pm New York Time, or by such other time designated by the Exchange, on the last day of trading.

Position Limit See futures contract specifications
MIC Code IFUS
Clearing Venues ICUS
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 8:00 PM - 6:00 PM*

20:00 - 18:00

7:30 PM

19:30

LONDON 1:00 AM - 11:00 PM*

01:00 - 23:00

12:30 AM

00:30

SINGAPORE 9:00 AM - 7:00 AM*

09:00 - 07:00

8:30 AM

08:30

*Next Day

Market opens at 6:00pm on Sunday, for Monday’s trade date. Pre-open at 5:30pm Sunday, 7:30pm Monday through Thursday

Codes Clearing Admin Name 5k oz Silver
Physical ZI
Logical YI
GMI (FC) ZI
ION A.C.N. None

Notes[edit]

References[edit]

Resources[edit]

ICE 5000 oz Silver Product Spec