• New Daily Settlement Procedure for COMEX and NYMEX Metals Futures

      • To
      • CME Globex and Market Data Customers
      • From
      • Global Market Solutions & Services (GMSS)
      • #
      • 20170928
      • Notice Date
      • 28 September 2017
      • Effective Date
      • 28 September 2017

    • Effective Sunday, October 22 (trade date Monday, October 23), the daily settlement procedure for COMEX and NYMEX Metals futures will be harmonized to provide a standardized methodology and to improve transparency. The new standardized methodology will use:

      • A volume weighted average price for the derivation of the active expiration.
      • All other expirations will use volume weighted average calendar spread prices as the Tier 1 criterion for the derivation of settlements.
      • Any remaining expirations will use active and actionable calendar spread bids and offers as the Tier 2 criterion for the derivation of settlement prices.
      Product MDP 3.0: Tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Copper Futures HG HG
      Silver Futures SI SI
      Gold Futures GC GC
      Platinum Futures PL PL
      Palladium PA PD

      Additional information and examples are available in the Client Systems Wiki.

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2026 CME Group Inc. All rights reserved.