CME Group Hurricane Event

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Hurricane Event contracts cover specific regional locations and actual named hurricanes making landfall in the United States Atlantic basin regions.

CME Group Hurricane Event Futures and Options
Contract Size $1,000 times the respective CHI
Quotation CHI Index Points
Tick Size 0.1 CHI Index Point
Tick Value 0.1 CHI Index Point = $100 x 10 = 1 tick/$1,000
Contracts Traded At the beginning of each season storm names are used from a list, starting with A and ending with Z, maintained by the World Meteorological

Organization. In the event that more than 21 named events occur in a season, additional storms will take names from the Greek alphabet: Alpha, Beta, Gamma, Delta, and so on

Locations Named hurricanes making landfall in the Eastern U.S. (Brownsville, TX to Eastport, ME)

Named hurricanes occurring within the CHI-Cat-In-A-Box – Galveston-Mobile (area bounded by 95°30’0”W on the West, 87°30’0”W on the East, 27°30’0”N on the South, and the corresponding segment of the U.S. coastline on the North)

Ticker Symbols Events begin with a one and ends with a zero (0 represents 10)

HX1-HX0 = CHI Hurricane Index storms beginning with the letters A-J HG1-HG0 = CHI Hurricane Index storms beginning with the letters K-V HF1-HF0 = CHI Hurricane Index storms beginning with the letters W-Iota HP1-HP0 = CHI Cat-In-A-Box – Galveston-Mobile storms A-J HS1-HS0 = CHI Cat-In-A-Box – Galveston-Mobile storms K-V HN1-HN0 = CHI Cat-In-A-Box – Galveston-Mobile storms W-Iota

Termination of Trading Trading shall terminate at 9:00 a.m. Central Time (CT) on the first Exchange business day that is at least two calendar days following the last

forecast/advisory issued by the NHC for the named storm, but in no event shall trading terminate prior to the first Exchange business day that is at least two calendar days following the beginning of the hurricane season on January 1. If a particular named storm is unused (i.e., that storm has not formed), trading shall terminate at 9:00 a.m. CT on the first Exchange business day that is at least two calendar days following the end of the hurricane season on December 31. Trading shall terminate at 9:00 a.m. CT on the first Exchange business day that is at least two calendar days following the dissipation or exit from the designated area of a named hurricane, but in no event shall trading terminate prior to the First Exchange business day that is at least two calendar days following the beginning of the hurricane season on January 1 or later than the first business day that is at least two calendar days following December 31. If a particular named storm is unused (i.e., that storm had not formed), trading shall terminate at 9:00 a.m. CT on the first Exchange business day that is at least two calendar days following the end of the hurricane season on December 31.

Strike Price Interval N/A 1 Index Point (e.g., 10, 11, 12, etc.)
Exercise N/A American-style (exercised any time up to and including last trading

day (LTD))

Settlement All futures contracts remaining open at the termination of trading

shall be settled using the respective CHI final value reported by Eqecat for that named event All futures contracts remaining open at the termination of trading shall be settled using the respective CHI-Cat-In-A-Box final value reported by EQECAT for that named event, using the maximum calculated CHI value while the hurricane is within the designated area

N/A
Position limits Position accountability for positions exceeding 10,000 contracts in

any contract month

Position accountability for positions exceeding 10,000

futures-equivalent contracts net on the same side of the market in any contract month

Trading Hours Offered exclusively on the CME Globex electronic trading platform

on Sundays through Thursdays, 5:00 p.m. – 3:15 p.m. CT the following day (9:00 a.m. CT LTD)

Traded via open outcry in the NASDAQ-100 pit on Mondays

through Fridays, 8:30 a.m. – 3:15 p.m. CT (9:00 a.m. CT LTD)

Also See[edit]

CME Group weather products

Resources[edit]

CME Group Web site

CME Group Hurricane products