Minimum Price Fluctuation |
Full TIck: $0.00025 per pound (= $11.00 per contract) Half Tick: $0.000125 per pound (= $5.50 per contract) |
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Price Quotation | Cents per pound | ||||
Trading Hours | CME Globex: | Sundays at 5:00 p.m. through Friday at 1:55 p.m. with daily trading halts from 4:00 p.m. to 5:00 p.m. | Open Outcry: | MON-FRI: 9:05 a.m. - 1:12 p.m. (LTD 12:10 p.m.) | CME ClearPort: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT |
Product Code | CME Globex: DYCME ClearPort: DYOpen Outcry: DYClearing: DY | ||||
Listed Contracts | Monthly contracts listed for 24 consecutive months | ||||
Termination Of Trading | Trading terminates on the business day immediately preceding the day on which the USDA announces the Dry Whey price for that contract month. (LTD 12:10 p.m.) | ||||
Position Limits | CME Position Limits | ||||
Exchange Rulebook | CME 57A | ||||
Block Minimum | Block Minimum Thresholds | ||||
Price Limit Or Circuit | Price Limits | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Strikes listed for 50% of the underlying settlement price above and below the at-the-money strike at $0.01 per pound increments in all months and additional strikes listed for 25% of the underlying settlement price above and below the at-the-money strike at $0.005 per pound increments in the nearest 2 months. | ||||
Exercise Procedure | American Style See CME Rule 57A02 | ||||
Settlement Method | Deliverable | ||||
Underlying | Dry Whey Futures |