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Ethanol T1 FOB Rdam Excluding Duty (Platts) Futures
| Ethanol T1 FOB Rdam Excluding Duty (Platts) Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | 2M | ||||
| Venue | CME Globex, CME ClearPort and 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 | 100 cubic meters | ||||
| Price Quotation | U.S.Dollars and Cents per cubic meter | ||||
| Minimum Fluctuation | $0.001 per cubic meter | ||||
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from Platts European Marketscan for Ethanol under the "Ethanol fob Rotterdam ex duty" assessment for each business day that it is determined during the contract month. |
||||
| Termination of Trading | Trading terminates on the last business day of the contract month. | ||||
| Listed Contracts | CME ClearPort and Open Outcry: | Trading is conducted in 36 consecutive months. | |||
| CME Globex: | 1 month | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 193 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||
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