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Conway Physical Propane In-Well (OPIS) Futures Contract Specs

Contract Unit 42,000 gallons
Price Quotation U.S. dollars and cents per gallon
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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)
Minimum Price Fluctuation $0.0001 per gallon
Product Code CME Globex: CPP
CME ClearPort: CPP
Open Outcry: CPP
Clearing: CPP
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for 48 consecutive months
DEFAULT Every month for 48 consecutive months
Settlement Method Deliverable
Termination Of Trading Trading or clearing in a current delivery month shall cease on the second-to-last business day of the delivery month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 241
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing