Platinum Futures Contract Specs

Contract Unit	50 troy ounces
Price Quotation	U.S. Dollars and Cents per troy ounce
Trading Hours	CME Globex:	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)
	CME ClearPort:	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)
Minimum Price Fluctuation	0.10 per troy ounce = $10.00
Product Code	CME Globex: PL CME ClearPort: PL Clearing: PL TAS: PLT
Listed Contracts	Trading is conducted over 15 months beginning with the current month and the next two calendar months before moving into the quarterly cycle of January, April, July, and October.
Settlement Method	Deliverable
Termination Of Trading	Trading terminates on the third last business day of the delivery month.
Trade At Marker Or Trade At Settlement Rules	Trading at Settlement is available in the first and second active contract months subject to the requirements of Rule 524.A. The active contract months are January, April, July and October. The active contract month ceases to be TAS-eligible when it becomes the spot month, at which time the next active month becomes TAS-eligible. Trading ceases daily at 1:05 PM ET. Products eligible for TAS pricing trade off of a "Base Price" of 0 to create a differential (plus or minus 10 ticks at 0.10) versus the settlement in the underlying product on a 1 to 1 basis. A trade done at the Base Price of 0 corresponds to a "traditional" TAS trade which clears exactly at the final settlement price of the day.
Settlement Procedures	Platinum Futures Settlement Procedures
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 105
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Delivery Period	Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month.
Grade And Quality	Platinum delivered under this contract shall be a minimum of 99.95% pure.

Quick Links

Contract Related

Product Related

Delivery Notices

Resources

Send Us Feedback

Who We Are

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

Contact Us

View All

CME Group / Chicago HQ

Phone: +1 312 930 1000

Toll Free (US Only): +1 866 716 7274

Margin Services

Tech Talk