Contract Specifications for COMEX Gold Futures (GC)
|EXCHANGE||Chicago Mercantile Exchange (CME)|
|PRODUCT CODE||CME Globex: GC
CME ClearPort: GC
|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:
|CONTRACT UNIT||100 troy ounces|
|PRICE QUOTATION||U.S. dollars and cents per troy ounce|
|MINIMUM PRICE FLUCTUATION||$0.10 per troy ounce|
|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 two calendar months; any February, April, August, and October falling within a 23-month period; and any June and December falling within a 72-month period beginning with the current month.|
|SETTLEMENT PROCEDURES||Gold Settlement Procedures|
|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 deliver month but no later than the last business day of the current delivery month.|
|BLOCK MINIMUM||Block Minimum Thresholds|
|TRADE AT MARKER OR TRADE AT SETTLEMENT RULES||Trading at Settlement is allowed in the active contract month. The active contract months will be February, April, June, August and December. On any given date, TAS transactions will be allowed only in a single contract month.
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.
|GRADE & QUALITY||Gold delivered under this contract shall assay to a minimum of 995 fineness.|
|POSITION LIMITS||NYMEX Position Limits|
|PRICE LIMIT OR CIRCUIT||Price Limits|
|VENDOR CODES||Quote Vendor Symbols Listing|
|EXCHANGE RULEBOOK||COMEX 113|
This page was last updated: November 04, 2015
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