USD-Denominated Ibovespa Index Futures Contract Specs

Futures

Contract Unit	$1 x Ibovespa Index
Trading Hours	CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) .BTIC: Sunday - Friday 6:00 p.m. - 4:00 p.m. ET Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET
Minimum Price Fluctuation	Outrights 5 index points = $5 Calendar Spreads 5 index points = $5
Product Code	CME Globex: IBV CME ClearPort: IBV Clearing: IBV BTIC: IBB
Listed Contracts	Four bi-monthly contracts (Feb, Apr, Jun, Aug, Oct, Dec cycle)
Settlement Method	Financially Settled
Termination Of Trading	5:00 p.m. Sao Paulo Time on the Wednesday closest to the 15th calendar day of the contract month. If it is a non-trading day at BM&F Bovespa, trading shall terminate on the next trading day.
Settlement Procedures	Settlement Procedures
Position Limits	CME Position Limits
Exchange Rulebook	CME 354
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limit or Circuit Breaker
Vendor Codes	Quote Vendor Symbols Listing

About USD-Denominated Ibovespa Index Futures

U.S. dollar-denominated Ibovespa futures offer easy and efficient access to Brazil’s benchmark equity index, the Bovespa Index, or Ibovespa. A free-float weighted index, Ibovespa is comprised of stocks traded on the Sao Paulo Stocks, Mercantile & Futures Exchange.

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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.