| Mont Belvieu Spot Ethylene In-Well Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: MBE CME ClearPort: MBE Open Outcry: MBE |
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| 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 a.m. - 2:30 p.m. (8:00 a.m. - 1:30 p.m. CT) | ||||
| Contract Unit | 100,000 pounds | ||||
| Price Quotation | U.S. dollars and cents per pound | ||||
| Minimum Fluctuation | $0.00001 per pound | ||||
| Termination of Trading | No trades in Mont Belvieu Spot Ethylene In-Well (PCW) Futures deliverable in the current month shall be made after the second-to-last business day of the delivery month (the “last trade date”). In the event that the originally listed last trade date is declared a holiday, the last trade date will move to the business day immediately prior. Any contracts remaining open after the last trade date must be either: (A) Settled by delivery which shall take place on the last business day of the delivery month. (B) Liquidated by means of a bona fide Exchange for Related Position (“EFRP”). An EFRP is permitted in the expiring futures contract at any time before 2:30 p.m. on the last day of trading for the futures contract, provided, however, that an EFRP shall not be permitted on the first business day following the expired futures contract. |
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| Listed Contracts | CME ClearPort and Open Outcry: | 24 consecutive months | |||
| CME Globex: | 1 consecutive month | ||||
| Settlement Type | Physical | ||||
| Delivery, Delivery Period, Grade and Quality Specifications |
Please see rulebook chapter 242 | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 242 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||