Asset Class Navigation

Platinum Futures Contract Specs

Contract Unit 50 troy ounces
Price Quotation U.S. dollars and cents per troy ounce
Trading Hours 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)
Minimum Price Fluctuation 0.10 per troy ounce = $5.00
Product Code CME Globex: PL
CME ClearPort: PL
Clearing: PL
Listed Contracts Monthly contracts listed for 3 consecutive months and any January, April, July, and October in the nearest 15 months
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.