Contract Unit One 30-Day Federal Funds Futures contract
Minimum Price Fluctuation 1/4 of one basis point (0.0025) = $10.4175
Price Quotation U.S. dollars and cents per basis point
Trading Hours CME Globex: 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)
Open Outcry: MON - FRI: 7:20 a.m. - 2:00 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: OZQ
CME ClearPort: 41
Open Outcry: Put: FFP Call: FFC
Clearing: 41
Listed Contracts Monthly contracts listed for 24 consecutive months
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT Chapter 22A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike prices will be listed in increments of 6.25 basis points (0.0625) and 12.5 basis points (0.1250). The following strike prices in increments of 6.25 basis points will be listed: the at-the-money strike price closest to the current futures price plus the next ten consecutive higher and the next ten consecutive lower strike prices. Above and below this band, the following strike prices in increments of 12.5 basis points shall be listed: the next five (5) consecutive higher and the next five (5) consecutive lower strike prices.
Exercise Style American-style. The buyer of an option may exercise the option on any business day prior to expiration by giving notice to CME Clearing by 5:30 p.m. Options that expire in-the-money after the close on the last trading day shall be automatically exercised on the business day following the last trading day, unless specific instructions are given to CME Clearing by 5:30 p.m.
Settlement Method Deliverable
Underlying 30-Day Federal Funds Futures

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