Trading at Settlement (TAS)

Manage your settlement for existing Agricultural, Energy, Metals, and Treasury futures contracts with Trading at Settlement (TAS) order types, which allow you to buy or sell a contract at the settlement price, before the markets close.

TAS is an order type that allows you to execute at a spread to the settlement price at any time during the trading session. You can enter a defined number of tick increments above or below the settlement or marker price as set forth in the current Market Regulation Advisory Notice concerning Rule 524.

Key Benefits

  • Reduce uncertainty around the settlement price
  • Price contracts at or near the settlement value
  • Execute at any point of the trading day rather than waiting for the market close
  • Available on CME Globex and eligible for block trades

See How TAS Works

Now live: TMAC on Equity futures

Manage settlement price risk for Equity futures in advance. The addition of TMAC functionality will allow you to enter a trade at spread to the 4:00 p.m. ET settlement price hours before the price has been determined.

Learn more about TMAC on Equity futures

TAS & TAM Outright, Calendar Spread and BTIC Availability

View Trading at Settlement (TAS) and Trading at Marker (TAM) Outright and Calendar Spread eligibility for CME, CBOT, NYMEX, and COMEX products, and Basis Trade at Index Close (BTIC) availability for CME and CBOT products.

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Additional Information

CME Group is the world’s leading 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.

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