Contract Unit |
1,000 metric tons. A European Naphtha (Platts) Cargoes CIF NWE Average Price Call Option represnts the differential between the final settlement price of the underlying European Naphtha (Platts) Calendar Futures less the strike price, or zero whichever is greater, multiplied by 1,000 metric tons. A European Naphtha (Platts) Cargoes CIF NWE Average Price Put Option represents the differential between the strike price and the final settlement price of the underlying European Naphtha (Platts) Calendar Futures, or zero, whichever is greater, multiplied by 1,000 metric tons. |
Minimum Price Fluctuation |
$0.001 per metric ton |
Price Quotation |
U.S. dollars and cents per metric ton. |
Trading Hours |
Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) |
Product Code |
CME Globex: NWECME ClearPort: NWEClearing: NWE |
Listed Contracts |
Monthly contracts listed for 12 consecutive months.
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Termination Of Trading |
Trading terminates on the last business day of the calendar month.
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Position Limits |
NYMEX Position Limits |
Exchange Rulebook |
NYMEX 1213 |
Block Minimum |
Block Minimum Thresholds |
Vendor Codes |
Quote Vendor Symbols Listing |
Strike Price Listing Procedures |
Strike Price Listing and Exercise Procedures Table |
Exercise Style |
Average Price Option - may only be exercised on expiry |
Settlement Method |
Financially Settled |
Underlying |
European Naphtha Cargoes CIF NWE (Platts) Futures |