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Contract Specifications for COMEX Copper Futures (HG)

EXCHANGE Chicago Mercantile Exchange (CME)
PRODUCT CODE CME Globex: HG
CME ClearPort: HG
Clearing: HG
TAS: HGT
VENUE CME Globex, CME Clear Port, Open Outcry (New York)
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)

CONTRACT UNIT 25,000 pounds
PRICE QUOTATION U.S. cents per pound
Please note: Prices are disseminated in U.S. Dollars and Cents
MINIMUM PRICE FLUCTUATION $0.0005 per pound
TERMINATION OF TRADING Trading terminates on the third last business day of the delivery month.
LISTED CONTRACTS Trading is conducted for delivery during the current calendar month, the next 23 calendar months, and any March, May, July, September, and December falling within a 60-month period beginning with the current month.
SETTLEMENT METHOD Deliverable
SETTLEMENT PROCEDURES Copper Futures Settlement Procedures
TRADE AT MARKER OR TRADE AT SETTLEMENT RULES Trading at Settlement is available for the 1st and 2nd active contract months. The active contract months are March, May, July, September and December. TAS transactions may be executed at the current day’s settlement price or at any valid price increment ten ticks higher or lower than the settlement price.
DELIVERY PERIOD Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month.
GRADE & QUALITY The contract (basis) grade for the Grade 1 copper contract shall be Grade 1 Electrolytic Copper Cathodes (full plate or cut) and shall conform to the specifications (as to chemical and physical requirements) for Grade 1 Electrolytic Copper Cathode as adopted by the American Society for Testing and Materials (B115-00), or its latest revision.
POSITION LIMITS NYMEX Position Limits
PRICE LIMIT OR CIRCUIT Price Limits
VENDOR CODES Quote Vendor Symbols Listing
EXCHANGE RULEBOOK COMEX 111
BLOCK MINIMUM Block Minimum Thresholds

This page was last updated: November 04, 2015

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