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You can trade your view on whether the price of key futures markets will move up or down by the end of each day's trading session. You will need to open an account with a participating brokerage firm supporting event contracts.

Find a participating brokerage firm here.

Event contracts are just like any other CME Group contract.  You may trade to exit your position(s) before daily expiration.

Each event contract is worth $20 if correct; the amount required to purchase a contract varies based on the likelihood of success. At the end of the daily trading session, event contracts that result in a successful outcome will payout $20 and those that are unsuccessful are settled to $0.

Event contracts are cash-settled daily.  Traders will not receive a futures contract upon settlement.  Event contracts will be settled automatically using the daily settlement price of the corresponding futures product. If the event contract’s price prediction is correct in relation to the daily settlement price, then trade is successful; if the price prediction is incorrect, it will expire, and no further action is required.

An Event Contract is successful if the price is greater or less than a predicted level.  If the settlement price is exactly at a predicted price, it will be treated as unsuccessful and settled at $0.

CME Group will only adjust contract expiration dates in the event of observed holidays by the United States; otherwise, contract expirations will remain at their regularly scheduled date. 

Event contracts will follow the normal CME Group business days calendar – event contracts will not have a trade date when the related futures product has a holiday and does not have an official trade date.

Example for July 4 holiday:

• July 3, 5:00 p.m. CT – Event contracts are not available to trade
• July 4, 5:00 p.m. CT – Event contract are available to trade for July 5

View the holiday calendar here.