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Description Added
Capesize Timecharter Average (Baltic) BALMO Futures
 
 
Capesize Timecharter Average (Baltic) BALMO Futures
Product Symbol M0
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
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 Unit 1 Day of vessel time charter
Price Quotation US Dollars per day
Minimum Fluctuation US$1 per day
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the Capesize Time Charter Average published daily by the Baltic Exchange starting from the selected start date through to the Last Trading Day, inclusive.
Termination of Trading Last UK business day in month, except December months where LTD is 24 December or preceding UK business day if 24th is not a business day
Listed Contracts One month and the following month for 10 business days prior to the start of the contract month.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 938
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

 

 
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