Only option contracts expiring in 2019 are available both as equity- and futures-style margined options. Any contract expiring from 2020 onwards is available as futures-style margined only. See SER-8371 for further details.
Contract Unit | 1,000 metric tons | ||||
Minimum Price Fluctuation | 0.01 per metric ton = $10.00 | ||||
Price Quotation | U.S. dollars and cents per metric ton | ||||
Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
Product Code | CME Globex: MFYCME ClearPort: MFYClearing: MFY | ||||
Listed Contracts | Annual contracts (January) listed for 2 consecutive years | ||||
Termination Of Trading | Trading terminates 30 calendar days prior to the first calendar day of the first month in the strip at 12:30 pm London Time. If such day is not a UK business day, trading terminates on the preceding UK business day. Options are auto-exercised by the Exchange with reference to intraday prices published by the London Energy Brokers’ Association ('LEBA') on the expiration day. Traders may submit contra-instructions up to 2:30 pm London time. |
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Position Limits | NYMEX Position Limits | ||||
Exchange Rulebook | NYMEX 1114 | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Strike Price Listing and Exercise Procedures Table | ||||
Exercise Style | European | ||||
Settlement Method | Deliverable | ||||
Underlying | Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Futures |