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Contract Specifications for NYMEX E-mini Crude Oil Futures (QM)

EXCHANGE Chicago Mercantile Exchange (CME)
PRODUCT CODE CME Globex: QM
CME ClearPort: QM
Clearing: QM
CONTRACT UNIT 500 barrels
PRICING QUOTATION U.S. dollars and cents per barrel
MINIMUM PRICE FLUCTUATION $0.025 per barrel
TRADING HOURS CME Globex:
Sunday – Friday 6:00 pm – 5:00 pm (5:00 pm – 4:00 pm Chicago Time/CT) with a 60-minute break each day beginning at 5:00 pm (4:00 pm CT)

CME Clear Port:
Sunday – Friday 6:00 pm – 5:00 pm (5:00 pm – 4:00 pm Chicago Time/CT) with a 60-minute break each day beginning at 5:00 pm (4:00 pm CT)

SETTLEMENT METHOD Financially Settled
FLOATING PRICE The Floating Price for each contract month will be equal to the Light Sweet Crude Oil Futures contract final settlement price for the corresponding contract month on the last trading day for the E-mini Crude Oil Futures contract month.
TERMINATION OF TRADING Trading in the current delivery month shall cease on the business day immediately preceding to the last day of trading in the current delivery month of the NYMEX Light Sweet Crude Oil futures contract.
LISTED CONTRACT Current year and 5 calendar years
SETTLEMENT PROCEDURES E-mini Crude Oil Settlement Procedures
POSITION LIMIT NYMEX Position Limits
EXCHANGE RULEBOOK NYMEX Rulebook Chapter 401
BLOCK MINIMUM Block Minimum Thresholds
PRICE LIMIT OR CIRCUIT Trading halts and price limits for this contract are subject to the provisions governing Special Price Fluctuation Limits for NYMEX Light Sweet Crude Oil Futures contract set forth in Chapter 200.
VENDOR CODES Quote Vendor Symbols Listing

This page was last updated: November 05, 2015

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