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Copper Financial Futures Contract Specs

Product Symbol HGS
Venue CME ClearPort, Open Outcry (New York)
(All Times are New York Time/ET)
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 8:10AM – 1:00PM (7:10AM – 12:00PM CT)
Contract Size 25,000 pounds
Price Quotation U.S. Dollars and Cents per pound
Minimum Fluctuation $0.0001 per pound
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the COMEX Copper Futures nearest to Termination for each business day that it is determined during the contract month rounded to the nearest $0.0001 per pound.
Termination of Trading Trading terminates on the last business day of the contract month (follows the US banking holiday schedule).
Listed Contracts 23 consecutive months for which a COMEX Copper Futures Contract is listed
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1190
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of COMEX.