BTIC on E-mini IPOX 100 U.S. Index Futures

BTIC on E-mini IPOX 100 U.S. Index Futures Settlement Procedure

Normal BTIC Daily Settlement Procedure

Daily settlements of the BTIC on E-Mini IPOX 100 U.S Index Futures (IPT) are determined by CME Group staff based on trading and market activity on CME Globex up to 15:00:00 Central Time (CT),

All Months

Tier 1: If the lead month contract trades on Globex between 14:59:30 and 15:00:00 CT, the settlement period, then the month settles to the volume-weighted average price (VWAP) of the trade(s) during this period.

Tier 2: If no trades occur on Globex between 14:59:30 and 15:00:00 CT, then the contract settles to the last traded price validated against Low Bid/High Ask during the closing range.

Tier 3: If there are no trades then the contract settles to the prior day settlement validated against Low Bid/High Ask during the closing range.

If you have any questions, please call the CME Global Command Center.

Note: In the event the aforementioned calculations described in this advisory cannot be made or if CME Group staff, in its sole discretion, determines that anomalous activity yields results that are not representative of the fair value of the contract, the staff may determine an alternative settlement price.