CME Group Frozen Pork Bellies
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CME Group delisted pork belly futures as of July 15, 2011 because volume was too low and volatility too high.[1]
Frozen Pork Bellies futures | ||
---|---|---|
Exchange | CME Group | |
Settlement | Physically delivered | |
Contract Size | 40,000 pounds of frozen pork bellies, cut and trimmed. | |
Pricing Unit | 1 point = $.0001 per pound = $4.00 | |
Tick Value | Regular: 0.00025 = $10.00 | |
Contract Months | Five months of February, March, May, July and August. | |
Last Trading Day | Need LTD rules! | |
Note: This contract is electronic ONLY -- no open outcry | ||
No Open Outcry | Electronic | |
Trading Hours | N/A | Mon-Thurs 9:05 a.m.-4:00 p.m. Shutdown period from 4:00 p.m.-5:00 p.m. Friday Close 1:30 p.m. LTD(12:00 p.m.) |
Ticker Symbol | N/A | PB |
Price Limits | N/A | $.020 or $.030 or $.045 per pound, Expandable price limits. |
Frozen Pork Bellies options | ||
Trade Unit | One futures contract | |
Point Value | 1 point = $.0001 per pound = $4.00 | |
Tick Value | Regular: 0.00025 = $10.00
Cab: 0.000125 = $5.00 | |
Option Months | Five months of Feb, Mar, May, Jul, Aug, and Flex Options. | |
Strike Prices | Need strike price description! | |
No Open Outcry | Electronic | |
Trading Hours | N/A | 9:05 a.m. Monday - 1:30 p.m. Friday with daily shutdown period from 4:00 p.m. - 5:00 p.m. Friday Close 1:30 p.m. LTD Close 1:02 p.m. |
Ticker Symbol | N/A |
|
Price Limits | N/A | N/A |
Notes[edit]
Resources[edit]
CME Group Frozen Pork Bellies Contract Specifications
References[edit]
- ↑ Frozen Pork Bellies Delisting: July 15, 2011. CME Group.