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UxC Uranium U3O8 Swap Futures
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Description

Uranium futures are a hedging tool for producers and users of uranium. They also provide a transparent forward price mechanism for the volatile uranium marketplace.
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UxC Uranium U3O8 Swap Futures
Product Symbol UX
Venue CME Globex, CME ClearPort
Trading Hours CME Globex (Electronic Platform) 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 250 pounds of U308
Price Quotation U.S. Dollars and Cents per pound
Minimum Fluctuation $0.05
Floating Price The Floating Price for each contract month will be the month-end spot U3O8 price published in Ux Weekly for the contract month by Ux Consulting Company, LLC (UxC). For settlement of this contract, the month-end spot price provided by UxC will be considered final on the payment date stated in Rule 970.08 and will not be subject to any further adjustment.
Termination of Trading Trading in an expiring contract month shall cease as of 2:30 p.m. New York time (or such other time as may be established for the close of the Regular Trading Hours session on the NYMEX trading floor) on the last Monday of the contract month that is a business day. If the last Monday in the contract month is not a business day, trading shall cease on the last business day prior to the Monday which is not a business day.
Listed Contracts Trading is conducted in 60 consecutive months.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 970
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.