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Mini Argus Propane Far East Index Futures Contract Specs

Contract Unit 100 metric tons
Price Quotation U.S. dollars and cents per metric ton
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 $0.001 per metric ton
Product Code CME Globex: MAE
CME ClearPort: MAE
Open Outcry: MAE
Clearing: MAE
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for 36 consecutive months
DEFAULT Every month for 36 consecutive months
Settlement Method Financially Settled
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 Argus Media for Propane (Far East Index) for each business day that it is determined during the contract month.
Termination Of Trading Trading shall cease on the last business day of the contract month. Business days are based on the Singapore Public Holiday calendar.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 850
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing