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Handysize Timecharter Average (Baltic) Futures Contract Specs

Product Symbol CME Globex: HFT
CME ClearPort: HFT
Open Outcry: HFT
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 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 arithmetic average of the Handysize Time Charter Average published daily by the Baltic Exchange starting from the first business day of the month 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 CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for five consecutive years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 943
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.