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

Also See[edit]

CME Group weather products

Resources[edit]

CME Group Web site

CME Group Snowfall Seasonal Strip contracts