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U.S. Midwest #1 Busheling Ferrous Scrap (AMM) Futures
| U.S. Midwest #1 Busheling Ferrous Scrap (AMM) Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | BUS | ||||
| Venue | CME Globex, CME ClearPort | ||||
| 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 | ||||
| Contract Size | 20 gross tons(gt) | ||||
| Price Quotation | U.S. dollars and cents per gross ton | ||||
| Minimum Fluctuation | $0.01 per gross ton | ||||
| Floating Price | AMM US Midwest #1 Busheling Ferrous Scrap Index | ||||
| Termination of Trading | 10th of the month, if 10th is a holiday/weekend, it will settle on the immediate following working day | ||||
| Listed Contracts | 24 consecutive months | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 601 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||
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