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Contracts TIO and ICT will be amended with effect from 1 January 2018 to reflect TSI's specification changes. See SER 7838 for details.
Iron Ore 62% Fe, CFR China (TSI) Average Price Option Contract Specs
| Contract Unit | One Iron Ore 62% Fe, CFR China (TSI) Futures | ||||
| Minimum Price Fluctuation | $0.01 per dry metric ton | ||||
| Price Quotation | U.S. dollars and cents per dry metric ton | ||||
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: ICTCME ClearPort: ICTClearing: ICT | ||||
| Listed Contracts | Monthly contracts listed for the current year and the next 3 calendar years. Monthly contracts for a new calendar year will be added 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. Business days are based on the Singapore Public Holiday calendar. If the last business day of the contract month is a Singapore public holiday, the last trade date will be the business day immediately preceding the holiday. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 644 | ||||
| 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 | Iron Ore 62% Fe, CFR China (TSI) Futures | ||||
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