• Listing of Existing TSI Iron Ore Futures Contract on CME Globex Trading Platform

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6534
      • Notice Date
      • 16 April 2013
      • Effective Date
      • 12 May 2013

    • Effective Sunday, May 12, 2013, for trade date Monday, May 13, 2013, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the existing Iron Ore 62% Fe, CFR China (TSI) Futures contract (commodity code: TIO, rule chapter: 919) for trading on CME Globex. The contract will continue to be available for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort.

      The contract title, commodity code, rule chapter, and specifications are provided below:

      Summary Specification:

      Contract Name

      Iron Ore 62% Fe, CFR China (TSI) Futures

      CME Globex and Clearing Code

      TIO

      Chapter

      919

      Settlement Type

      Financial

      Contract Size

      500 dry metric tons

      Termination of Trading

      Trading terminates on the last business day of the contract month. Business days are based on the Singapore Public Holiday calendar. If the last business day of the contract month is a Singapore banking holiday, the last trade date will be the business day immediately preceding the holiday

      Minimum Price Fluctuation

      $0.01 per dry metric ton

      Final Settlement Price Tick

      $0.01 per dry metric ton

      First Listed Contract

      May 2013

      Listing Convention

      12 consecutive calendar months

      Trading Hours

      Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5.15 p.m. (4.15 p.m. CT)

      　

      　

      　

       

       

      Exchange Fees

      　

      Member Day

      Member

      Cross Division

      Non-Member

      IIP

      Pit

      n/a

      $9.00

      $4.50

      $10.00

       

      Globex

      n/a

      $4.00

      $2.00

      $5.00

      $5.00

      ClearPort

       

      $9.00

       

      $10.00

       

       

       

       

       

       

       

      Other Processing Fees

       

       

       

      　

      Member

      Non-Member

      Cash Settlement

      $1.00

      $1.00

      Futures from E/A

      n/a

      n/a

      　

      House Acct

      Customer Acct

      Options E/A Notice

      n/a

      n/a

      Delivery Notice

      n/a

      n/a
      　 　 　 　 　 　 　 　 　 　 　

      Additional Fees and Surcharges

      EFS Surcharge

      n/a

      Block Surcharge

      $0.10

      Facilitation Desk Fee

      $0.20
      paul.wightman@cmegroup.com +44 20 3379 3134martin.evans@cmegroup.com +44 20 3379 3791

      　

       

      　

      For additional information, please contact:

      Paul Wightman

      Martin Evans

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