| ZAR/USD Futures | |||||
|---|---|---|---|---|---|
| Contract Size | 500,000 South African rand | ||||
| Contract Month Listings | Thirteen consecutive calendar months plus two-deferred March quarterly cycle months | ||||
| Settlement Procedure | Daily ZAR/USD Settlement Procedure (PDF) Final ZAR/USD Settlement Procedure (PDF) |
||||
| Position Accountability Trigger Level | 6,000 futures-equivalent contracts | ||||
| Position Limit | 5,000 futures-equivalent contracts for Spot month*** | ||||
| Ticker Symbol | CME Globex Electronic Markets: 6Z Open Outcry: RA AON Code: UR View product and vendor codes |
||||
| Minimum Price Fluctuation (Tick) | $.000025 per South African rand increments ($12.50/contract). | ||||
| Trading Hours | OPEN OUTCRY (RTH) | 7:20 a.m.-2:00 p.m. | |||
| GLOBEX (ETH) | Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 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) | ||||
| Last Trade Date / Time View calendar |
9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CME. | ||||
| Block Trade Eligibility | Yes. View more on Block Trade eligible contracts. | ||||
| Block Trade Minimum | 50 Contracts | ||||
| EFP Eligibility | Yes. View more on EFPs. | ||||
| *** Position accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position accountability trigger Level), such person will provide in a timely fashion, upon request by CME Group Market regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. therefore, overall positions do not have a finite limit. Spot Month Position Limit: however, a position held in the expiring contract month may not exceed the spot month position limit on the business day one week before termination of trading. | |||||