CME Group Gold Futures Contract Specifications

CONTRACT UNIT

100 troy ounces

PRICE QUOTATION

U.S. dollars and cents per troy ounce

TRADING HOURS

CME Globex:

Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. /CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)

TAS: Sun-Fri 6:00 p.m. - 1:30 p.m. ET (5:00 - 12:30 CT)

TAM:
Asia: Sun - Frid 6:00 p.m. ET - 3:30 p.m. China
London a.m.: Sun-Fri 6:00 p.m. ET - 10:32 a.m. London
London p.m.: Sun-Fri 6:00 p.m. ET - 3:02 p.m. London

CME ClearPort:

Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT

MINIMUM PRICE FLUCTUATION

0.10 per troy ounce = $10.00

TAS/TAM: Zero or +/- 10 ticks in the minimum tick increment of the outright

PRODUCT CODE

CME Globex: GC

CME ClearPort: GC

Clearing: GC

TAS: GCT

TAM: GCD

LISTED CONTRACTS

Monthly contracts listed for 3 consecutive months, any Feb, Apr, Aug, Oct in the nearest 23 months and any Jun and Dec in the nearest 72 months

SETTLEMENT METHOD

Deliverable

TERMINATION OF TRADING

Trading terminates at 12:30 p.m. CT on the third last business day of the contract month.

TAM or TAS Rules

Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price.

Trading at Marker (TAM) is analogous to Trading at Settlement (TAS) wherein parties are permitted to trade at a differential to a not-yet-known price. TAM uses a marker price, whereas TAS uses the Exchange-determined daily settlement price for the underlying futures contract month.

TAS Table

SETTLEMENT PROCEDURES

►Gold Settlement Procedures

POSITION LIMITS

►COMEX Position Limits

EXCHANGE RULEBOOK

COMEX 113

BLOCK MINIMUM

Block Minimum Thresholds

PRICE LIMIT OR CIRCUIT

Price Limits

VENDOR CODES

Quote Vendor Symbols Listing

DELIVERY PERIOD

Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month.

GRADE AND QUALITY

Gold delivered under this contract shall assay to a minimum of 995 fineness.

 

CME Group Gold Options Contract Specifications

CONTRACT UNIT

100 troy ounces

MINIMUM PRICE FLUCTUATION

0.10 per troy ounce = $10.00

PRICE QUOTATION

U.S. dollars and cents per troy ounce

TRADING HOURS

Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)

PRODUCT CODE

CME Globex: OG

CME ClearPort: OG

Clearing: OG

LISTED CONTRACTS

Monthly contracts listed for 20 consecutive months and any Jun or Dec in the nearest 72 months.

TERMINATION OF TRADING

Trading terminates at the Settlement Time of the underlying futures on the 4th last business day of the month prior to the contract month. If the 4th last business day occurs on a Friday or the day before a holiday, trading terminates on the prior business day.

POSITION LIMITS

COMEX Position Limits

EXCHANGE RULEBOOK

COMEX 115

BLOCK MINIMUM

Block Minimum Thresholds

PRICE LIMIT OR CIRCUIT

Price Limits

VENDOR CODES

Quote Vendor Symbols Listing

STRIKE PRICES STRIKE PRICE INTERVAL

Strike Price Listing and Exercise Procedures Table

SETTLEMENT METHOD

Deliverable

UNDERLYING

Gold Futures

 

 


 

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