| Contract Size |
$25 x change in Total Nonfarm Payrolls (NFPs) as published by BLS |
| Quote |
Quoted in thousands, e.g., May 2007 contract would have settled at +157, representing change in Nonfarm Payrolls (in 000s) from April to May 2007. Each minimum price fluctuation of 1 point (1,000 jobs) = $25.00 |
| Contract Months |
Contracts available for all NFP releases, listed on the Monday after the previous month’s release |
| Trading Hours |
Offered exclusively on CME Globex electronic trading platform on Sundays through Thursdays from 5:00 p.m. to 4:00 p.m. Central Time next day |
| Last Trading Day |
Trading in an expiring contract concludes at 7:25 a.m. CT on the first Friday of the contract month or such other day on which NFP figures are scheduled to be released by the BLS. |
| Final Settlement Procedure |
Settled in cash based on change in seasonally adjusted total NFPs reported by U.S. Dept. of Labor, Bureau of Labor Statistics Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail, seasonally adjusted change in total nonfarm payrolls for month prior to named contract month. |
| Strike Prices |
N/A |
| Price Limit |
Price limit of ±200 points (200,000 jobs = $5,000) applied to the final settlement price from previous business day's price settlement. |
| Minimum Block Size |
20 contracts |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
