• Listing Aluminum Futures Contract for Trading on COMEX Trading Floor and CME Globex and for Submission for Clearing through CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7046R
      • Notice Date
      • 10 April 2014
      • Effective Date
      • 05 May 2014

    • (This SER supersedes SER #7046 dated March 18, 2014 to reflect amended effective date.)

       

      Effective Monday, May 5, 2014 for trade date Tuesday, May 6, 2014, and pending all relevant CFTC regulatory review periods, Commodity Exchange, Inc. (COMEX or Exchange) will list a new physically-delivered Aluminum Futures contract (commodity code:  ALI; chapter 107). 

      This contract will be available for trading on the COMEX trading floor and CME Globex, and for submission for clearing through CME ClearPort.

      The contract specifications are provided below:

       

      Contract Name

      Aluminum Futures

      Commodity Code

      ALI

      Rulebook Chapter

      107

      Contract Size

      25 metric tons

      Listing Schedule

      CME Globex: 24 consecutive months

      CME ClearPort and Open Outcry: 60 consecutive months

       

      Termination of Trading

      Third last business day of the contract month

      Minimum Price Fluctuation

      $0.25

      Value per Tick

      $6.25

      First Listed Month

      July 2014

      Block Trade Minimum Threshold

      10 contracts

       

       

      Trading and Clearing Hours:

       

      CME Globex and CME ClearPort: 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).

      COMEX Trading Floor: Monday – Friday 8:10 a.m. – 12:00 p.m. (7:10 a.m. – 11:00 p.m. CT)

       

      Trading and Clearing Fees:

       

      Exchange Fees

       

       

      Member Day

      Member

      Cross Division

      Non-Member

      IIP

      Latin America/Asia Pacific

      Pit

      $0.55

      $0.70 (EFS/EFP 0.85)

      $0.95 (EFS/EFP 1.20)

      $1.45

      		  

       

      Globex

      $0.55

      $0.70

      $0.95

      $1.45

      $0.88

      $1.00

      ClearPort

      		  

      $0.70 (EFS/EFP 0.85)

      		  

      $1.45

      		  

       
                 

       

      Other Processing Fees

      		      

       

       

      Member

      Non-Member

      		      

       

      Futures from E/A

      $0.70

      $1.45

      *applies to futures contracts

       

      House Acct

      Customer Acct

      		  

      Delivery Notice

      $1.00

      $1.00

      *applies to physical futures
                             
                               

       

      Additional Fees and Surcharges

      		      

       

      EFS Surcharge

      $2.50

      *$2.50 fee typically only charged on our core physical contracts

      Block Surcharge

      $0.10

      *$0.10 fee charged on block trades

      Facilitation Desk Fee

      $0.20

      *fee applies to CPC trades entered by ClearPort Market Ops

       

       

      COMEX Lessee Fees

      Trading Fee

      $0.125

      Trading Surcharge

      $0.50
       
       
       
       
       
               

      Metals Research:

      Bob Biolsi                                 bob.biolsi@cmegroup.com                               212.299.2610

      Joann Arena                              joann.arena@cmegroup.com                             212.299.2356

      Youngjin Chang                         youngjin.chang@cmegroup.com                        312.466.4637

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