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Rough Rice Futures
Normal Daily Settlement
CME Group staff determines the daily settlements in CBOT Rice (ZR) futures on trading activity on CME Globex between 13:14:00 and 13:15:00 Central Time (CT), the settlement period.
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Product | Maximum Spread Bid/Ask |
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Rice (ZR) | 40 Ticks |
Final Settlement Price Calculation for Expiring Contract
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If the lead month trades exclusively at its limit price or is locked limit during the closing period, and the contract settles at the limit price. In this event, the next listed contract that is not at limit will be used as the anchor price for determining the settlement prices of the other contracts; however, no contract will settle through its price limit and any contract that trades exclusively at its limit price or is locked limit during the closing period will settle at its limit price. When price limits are lifted on a spot month contract and the other months in that contract are locked limit, the spot month will settle based upon the outright activity in the spot month rather than on spread relationships.
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