CME Group Seasonal Strip Snowfall
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| Seasonal Strip Snowfall Futures | |
|---|---|
| Contract Size | $500 times the respective Seasonal Strip Snowfall Index |
| Product Description | Snowfall (inches) for U.S. cities |
| Pricing Unit | Dollars per index point |
| Tick Size
(minimum fluctuation) |
0.1 index point (= $50 per contract) |
| Daily Price Limits | N/A |
| Trading Hours
(All times listed are Central Time) |
CME Globex (Electronic Platform): Sun 5:00 p.m. – Fri 3:15 p.m. with daily trading halts 3:15 p.m. – 5:00 p.m. |
| Last Trade Date and Time | Futures trading shall terminate at 9:00 A.M. on the second Exchange business day after the futures contract month. |
| Contract Months | Minimum of two, and maximum of six, consecutive calendar months, Nov-Apr |
| Settlement Procedure | Cash settlement – See CME Rule 40203 |
| Position Limits | All months combined: 10,000 contracts. See CME Rule 40202.D |
| Ticker Symbols | Boston = SB; NY Central Park = SX; NY LaGuardia = FG; Chicago = SW; Minneapolis = BV; Detroit = EK;
Newark = SK; Baltimore = SZ; Columbus = ST; Colorado Springs = SC |
| CME Rulebook Chapter | 402 |
| Seasonal Strip Snowfall Options | |
|---|---|
| Underlying Contract Size | One Seasonal Strip Snowfall Index futures contract |
| Pricing Unit | Dollars per index point |
| Tick Size
(minimum fluctuation) |
Full Tick = 0.1 Index Point (= $50 per contract) |
| Daily Price Limits | N/A |
| Trading Hours
(All times listed are Central Time) |
Open Outcry (Trading Floor): Mon – Fri: 8:30 a.m. – 3:15 p.m. |
| Last Trade Date and Time | Futures trading shall terminate at 9:00 A.M. on the second Exchange business day after the futures contract month. |
| Contract Months | Minimum of two, and maximum of six, consecutive calendar months, Nov-Apr |
| Strike Price Intervals | 0.1 index point in a range of 0 to 200 index points; See CME Rule 402A01.E. |
| Exercise Procedure | European Style – See CME Rule 402A02 |
| Position Limits | All months combined: 10,000 futures-equivalent contracts; See CME Rule 402A01.F |
| Ticker Symbols | Boston = SB; NY Central Park = SX; NY LaGuardia = FG; Chicago = SW; Minneapolis = BV; Detroit = EK;
Newark = SK; Baltimore = SZ; Columbus = ST; Colorado Springs = SC |
| Rulebook Chapter | 402A |