|Minimum Price Fluctuation||One-quarter of one basis point (0.0025) = $10.4175|
|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:||Monday - Friday: 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: ZQ1CME ClearPort: FF1Open Outcry: FF1Clearing: FF1|
|Listed Contracts||Monthly contracts listed for 3 consecutive months|
|Termination Of Trading||Default:||Unexercised options shall expire at 7:00 p.m., CT, on their last trading day.
Last business day of the delivery month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract.
|Mid-Curve||Last business day of the delivery month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract.|
|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.|
|Underlying||30 Day Federal Funds Futures|
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