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.
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