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Platinum/Palladium Spread Futures Contract Specs

Contract Unit 100 Troy  Ounces
Price Quotation U.S. Dollars and Cents per Troy Ounce
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m.ET (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m ET. (4:00 p.m. CT)
Minimum Price Fluctuation $0.05 per troy ounce
Product Code CME Globex: PPS
CME ClearPort: PPS
Clearing: PPS
Listed Contracts Nearest 2 cycle month combinations
Dec-16, Jan-17 (the contract month is the expiration of the nearest cycle month of the combination)
Contract Combinations: Jan = Jan PL vs. Mar PA, Mar = Apr PL vs. Mar PA, Apr = Apr PL vs. Jun PA, Jun = Jul PL vs. Jun PA, Jul = Jul PL vs. Sep PA, Sep = Oct PL vs. Sep PA, Oct = Oct PL vs. Dec PA, Dec = Jan PL vs. Dec PA
Settlement Method Financially Settled
Floating Price The Floating Price shall be determined on the last trading day of a contract month, and shall be calculated using the settlement prices for Platinum Futures and Palladium Futures published by the Exchange.  For a contract month, the reference month of the Platinum Futures price shall be same month or the next nearest month in the cycle January, April, July, and October.  For a contract month, the reference month of the Palladium Futures price shall be same month or the next nearest month in the cycle March, June, September and December.
The Floating Price shall be the Platinum Futures price minus the Palladium Futures price, and shall be rounded to two decimal places.
Termination Of Trading Trading terminates on the third last business day of the month prior to the contract month.
Settlement Procedures Daily settlement procedures
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 190
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing