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Hurricane Futures
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CME Hurricane Index Futures
Contract Size $1,000 times the seasonal total for the respective CHI
Quotation CHI Index Points
Tick Size 0.1 CHI Index Point
Tick Value 0.1 CHI Index Point = $100 x 10 = 1 tick/$1,000
Contracts Traded At the beginning of each season storm names are used from a list, starting with A and ending with Z, maintained by the World Meteorological
Organization. In the event that more than 21 named events occur in a season, additional storms will take names from the Greek alphabet:
Alpha, Beta, Gamma, Delta, and so on
Locations Named hurricanes making landfall in the Eastern U.S. (Brownsville, TX to Eastport, ME)
CHI-Cat-In-A-Box − Galveston-Mobile
(area bounded by 95°30’0”W on the West, 87°30’0”W on the East, 27°30’0”N on the South, and the corresponding segment of the U.S. coastline on the North)
Ticker Symbols Events begin with a one and ends with a zero (0 represents 10)
HX1-HX0 = CHI Hurricane Index storms beginning with the letters A − J
HP1-HP0 = CHI-Cat-In-A-Box − Galveston-Mobile storms A − J
Termination of Trading

First business day that is at least five calendar days following the earlier of 1) the last forecast/advisory issued by the National Hurricane Center for that particular named storm, or 2) December 31; 9:00 a.m.
Strike Price Interval N/A
Exercise N/A
Settlement All futures contracts remaining open at the termination of trading shall be settled using the respective CHI final value reported by MDA EarthSat, Inc. for that named event
All futures contracts remaining open at the termination of trading shall be settled using the respective CHI-Cat-In-A-Box final value reported by MDA EarthSat, Inc. for that named event, using the maximum calculated CHI value while the hurricane is within the designated area
Position Limits Position accountability for positions exceeding 10,000 contracts in
any contract month
Trading Hours Offered exclusively on the CME Globex electronic trading platform
on Sundays through Thursdays, 5:00 p.m. – 3:15 p.m. CT the
following day (9:00 a.m. CT LTD)
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.