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Freight Route TC5 (Platts) Average Price Option Contract Specs

Options
Contract Unit 1,000 metric tons
Minimum Price Fluctuation 0.0001 per metric ton = $0.10
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: TCI
CME ClearPort: TCF
Clearing: TCF
Listed Contracts Monthly contracts listed for the current year and the next calendar year. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 948
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 Financially Settled
Underlying Freight Route TC5 (Platts) Futures