- What are FTSE CoreCommodity CRB Index futures?
- How do FTSE CoreCommodity CRB Index futures fit into the Commodity Index product ecosystem?
- Why has CME Group listed FTSE CoreCommodity CRB Index futures?
- What is the composition/methodology of the indices?
- What are the contract specifications?
- What are the trading fees?
- Are these contracts eligible for block trading?
- How can I see prices for FTSE CoreCommodity CRB Index futures?
- Are these contracts EFRP eligible?
1. What are FTSE CoreCommodity CRB Index futures?
CRB futures are cash settled quarterly index futures that track the FTSE CoreCommodity Index. This is a basket of 19 commodities including energy contracts, agriculture, precious metals and industrial metals. The index acts as a representative indicator of commodity markets.
2. How do FTSE CoreCommodity CRB Index futures fit into the Commodity Index product ecosystem?
CME Group is currently listing Commodity Index products for trading on both Bloomberg Commodity Indices (BCOM) and S&P GSCI. With the launch of CRB futures, we will introduce a third trusted name-brand index partner in FTSE Russell to allow clients to utilize their preferred trackable commodity index futures.
3. Why has CME Group listed FTSE CoreCommodity CRB Index futures?
Since 2020, open interest (OI) in our currently listed Commodity Index products has grown 315% from 76K ($1.5B) to 316K ($5.2B) in 2025 YTD. With the capital efficiencies available when executing at CME Group (margins, margin offsets, etc), the time has never been better to consider using a listed Commodity Index futures contract such as CRB futures.
4. What is the composition/methodology of the indices?
Details about the methodology can be found on the FTSE Russell website.
5. What are the contract specifications?
|
Contract Name |
FTSE CoreCommodity CRB Index futures |
|---|---|
|
Contract Unit |
$100 times the FTSE CoreCommodity CRB Index |
|
Minimum Price Fluctuation |
0.01 index points = $1.00 |
|
Product Codes |
CME Globex: CCI CME Clearing: CCI CME BTIC: CCT |
|
Listed Contracts |
Quarterly contracts (Mar, Jun, Sep, Dec) listed for 5 consecutive quarters and 1 additional Dec contract month |
|
Final Settlement |
Trading terminates at 1:30pm CT on the 3rd Wednesday of the contract month. Final Settlement Value will be the settlement price of the FTSE CoreCommodity CRB Index provided to CME by FTSE Russell |
6. What are the trading fees?
FTSE CoreCommodity CRB Index futures will be listed on the CME DCM and their fees can be found on the “Alternative Index” tab of the CME Fee Schedule. The title of the Column is “S&P GSCI and FTSE CoreCommodity Index.”
View the CME Group fee schedule.
7. Are these contracts eligible for block trading?
Yes, FTSE CoreCommodity CRB Index futures will be available for trading on both Globex and ClearPort. For block trading, the minimum block threshold will be 20 contracts (subject to regulatory review).
8. How can I see prices for FTSE CoreCommodity CRB Index futures?
Delayed quotes are available online on the CME Group website. You can also access quotes through several major quotes vendors. Symbols for Bloomberg and Reuters are provided below:
|
Contract Name |
Underlying Index Ticker |
CME Futures Tick |
CME BTIC Ticker |
Bloomberg Front-Month Futures Ticker |
Bloomberg Front-Month BTIC Futures Ticker |
|---|---|---|---|---|---|
|
FTSE CoreCommodity Index Futures |
CRB |
CCI |
CCT |
9. Are these contracts EFRP eligible?
Yes. As CME Group futures contracts, CRB futures are eligible for Exchange for Related Position (EFRP) trades. As a reminder, there are three types of EFRP trades governed by CME Group Rule 538 – an Exchange for Physical (EFP), an Exchange for Risk (EFR) and Exchange of Option for Option (EOO). For more questions on EFPs please see the latest Rule 538 MRAN.
All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
