-
Product Modification Summary: Change the contract size for Iron Ore 62% products
-
-
- To
- Clearing Member Firms; Back Office Managers
-
- From
- CME Clearing
-
- #
- 14-419
-
- Notice Date
- 28 October 2014
-
- Effective Date
- 02 November 2014
-
Effective Sunday, November 2, 2014 for trade date Monday, November 3, and pending all relevant CFTC regulatory review periods, please be advised that the New York Mercantile Exchange (EXCHANGE) will modify the contract size for the products listed below on Open Outcry and available for submission for clearing on CME ClearPort.
Contract name
Clearing and Globex code
Current contract quantity
Amended contract quantity
Current CVF
(QTY * Tick)
Amended CVF
(QTY * Tick)
Iron Ore 62% Fe, CFR North China (Platts) Futures
PIO
1,000mt
500mt
1000*0.01 = 10
500*0.01 = 5
Iron Ore 62% Fe, CFR North China (Platts) Average Price Option
ICP
1,000mt
500mt
1000*0.01 = 10
500*0.01 = 5
Information Contacts
CMEGroup.com Inquiries
Customer Service
(800) 331-3332
General Information
Products & Services
(312) 930-1000
Clearing House
(312) 207-2525
Globex Information
Global Command Center
(800) 438-8616
Performance Bond Information
Risk Management Dept.
(312) 648-3888
Position Limits
Market Regulation
(312) 341-7970
Clearing Fees
Clearing Fee Hotline
(312) 648-5470
For the printer friendly version of this advisory, please click here.
-
© 2025 CME Group Inc. All rights reserved.