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Powder River Basin Coal (Platts OTC Broker Index) Futures Contract Specs

Product Symbol QP
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Size 1,000 tons
Price Quotation U.S. Dollars and Cents per ton
Minimum Fluctuation $0.01 per ton
Floating Price The floating price for each contract month will be equal to the final monthly average for the corresponding month of the Platts OTC Broker Index for the PRB, 8,800 Btu/lb., 0.8 lbs.  Sulfur/MMBtu Index published in Platt's Coal Trader in the table titled "OTC Broker Index" in the first regular issue of the contract month.
Termination of Trading Trading terminates on the 25th day of the month prior to the contract month.  If the 25th day is not a business day, the contract shall expire on the business day prior to the 25th.
Listed Contracts Monthly for 5 consecutive years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 262
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.