Contract Unit | Face value at maturity of $100,000 | ||||
Minimum Price Fluctuation |
One-half of 1/64 of a point = $7.8125 Variable CAB at $1.00 increments from $1.00 - $7.00 |
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Price Quotation | Points and fractions of points with par on the basis of 100 points | ||||
Trading Hours | CME Globex: | Sunday - Friday: 5:00 p.m. - 4:00 p.m. CT | Open Outcry: | Monday - Friday: 7:20 a.m. - 2:00 p.m. CT | 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: OZFCME ClearPort: 25Open Outcry: Put: FP Call: FLClearing: 25 | ||||
Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 3 quarters and 3 serial contracts Serials exercise into the first nearby quarterly futures contract Quarterlies exercise into the corresponding futures contracts |
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Termination Of Trading | Trading terminates on the Friday before the 2nd last business day of the month prior to the contract month. If this is not a business day, trading terminates on the prior business day. |
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Position Limits | CBOT Position Limits | ||||
Exchange Rulebook | CBOT Chapter 20A | ||||
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 one-quarter of one point. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next twenty four (24) consecutive higher and the next twenty four (24) 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 are automatically exercised, unless specific instructions are given to CME Clearing by 5:30 p.m. | ||||
Settlement Method | Deliverable | ||||
Underlying | 5-Year T-Note Futures |
Whether you are a new trader looking to get started in futures, or an experienced trader looking for a more efficient way to trade the U.S. government bond market, look no further than U.S. Treasury futures.
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