Description
E-mini Light Sweet Crude Oil (Financial) futures are an outright crude oil contract between a buyer and seller. The contract is half the size of the standard Light Sweet Crude contract.
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| E-mini Crude Oil Futures | |||||
|---|---|---|---|---|---|
| Code | QM | ||||
| 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) | |||
| Open Outcry: | Monday - Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM 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) | ||||
| Contract Unit | 500 barrels. | ||||
| Pricing Quotation | U.S. dollars and cents per barrel. | ||||
| Minimum Fluctuation | $0.025 per barrel | ||||
| Maximum Daily Price Fluctuation | 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. | ||||
| Floating Price | The Floating Price for each contract month will be equal to the NYMEX Light Sweet Crude Oil Futures contract final settlement price for the corresponding contract month on the last trading day for that 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 Contracts | Current year and 5 calendar years | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | NYMEX Rulebook Chapter 401 | ||||
| Settlement Type | Financial | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||