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Gold/Platinum Spread Futures Contract Specs

Contract Unit 100 Troy Ounces
Price Quotation U.S. Dollars and Cents per Troy  Ounce
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m.ET (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m ET. (4:00 p.m. CT)
Minimum Price Fluctuation 0.10 per Troy Ounce
Product Code CME Globex: GPS
CME ClearPort: GPS
Clearing: GPS
Listed Contracts Nearest 2 cycle month combinations
Dec-16, Jan-17 (the contract month is the expiration of the nearest cycle month of the combination)
Contract Combinations: Jan = Feb GC vs. Jan PL, Feb = Feb GC vs. Apr PL, Apr = Apr GC vs. Apr PL, Jun = Jun GC vs. Jul PL, Jul = Aug GC vs. Jul PL, Aug = Aug GC vs. Oct PL, Oct = Dec GC vs. Oct PL, Dec = Dec GC vs. Jan PL.
Settlement Method Financially Settled
Floating Price The Floating Price shall be determined on the last trading day of a contract month, and shall be calculated using the prices for Gold Futures and Platinum Futures published by the Exchange.  For a contract month, the reference month of the Gold Futures price shall be same month or the next nearest month in the cycle February, April, June, August, and December.  For a contract month, the reference month of the Platinum Futures price shall be same month or the next nearest month in the cycle January, April, July, and October. The Gold Futures price will be determined by a volume weighted average price (VWAP) during the 1:03-1:05pm EST period of the reference month. The Platinum Futures price will be the settlement price of the reference month.
Termination Of Trading Trading terminates on the third last business day of month prior to the contract month
Settlement Procedures Daily settlement procedures
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 189
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing