CME STP - Quantity Calculations
- CME Group
CME STP calculates Quantity using variables specific to the given product (for example, MMBTu for Natural Gas) and sends this value in trade reporting messages. The table below shows quantity calculation examples for STP supported product types.Â
Product | Instrument | Quantity Entered in Clearport | TrdgQty in STP | Original Unit of Measure selected in Clearport | OrigTmUnit in STP | Mult | MMY Month | Days Billable in Month | Qty or LastQty |
|---|---|---|---|---|---|---|---|---|---|
Natural Gas | NN | 65,000 | 65,000 | MMBtu/calendar day | D | 2500 | September | 30 | Qty = (TrdgQty/Mult)*Number of Days in Month |
Natural Gas | NNÂ | 65,000 | 65,000 | MMBtu/month | Mo | 2500 | October | 31 | Qty = (TrdgQty/Mult) |
Power | KAÂ | 125 | 125 | 400 | December | 22 | Total MwH for Month= TrdgQty*Hours per Day*Number of Billable Days in Month | ||
Crude Oil | AO (WTI Average Price Option Combo) | 1,000 | 1,000,000 | Contracts/Month | Mo | 1,000 | September | 1,000 | |
Crude Oil | AO (WTI Average Price Option Combo) | 31,000 | 31,000 | Barrels/Month | Mo | 1,000 | October | Qty = Total Barrels for Month/ Mult | |
Crude Oil | AO (WTI Average Price Option Combo) | 1,000 | 1,000 | Barrels/calendar day | D | 1,000 | December | 31 | Total Barrels for Month=TrdgQty * Number of Days in Month |
Grains | BSW | 5,440 | N/A | Metric tons/ Month | N/A | 136 | December | Qty = Total Tons for Month/ Mult | |
Grains | BSW | 5,440 | N/A | Contracts/ Month | N/A | 136 | December | 5,440 | |
Financial | ED | 4,000 | N/A | Contracts/ Month | N/A | 2,500 | September | 4,000 | |
Financial | ED | 50,000,000,000 | N/A | USD/Month | N/A | 2500 | September | Qty = Total USD for Month/ Notional Note: Per Contract Specs, Notional value is 1,000,000 http://www.cmegroup.com/trading/interest-rates/stir/eurodollar_contract_specifications.html |
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