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| Trading Unit |
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| $200 times Index |
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| Price Quotation |
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| The NYMEX Crude Oil MACI futures contract will be based on the NYMEX MACI for Crude Oil™ Index. On the first day of trading the index equals the average of the 2nd through 7th month forward NYMEX Crude Oil Futures contracts' settlement prices plus $100. The index will adjust at the close of business the first business day of each calendar month thereafter as follows: subtract the first nearby NYMEX Crude Oil Futures contract settlement price (divided by 6), add the seventh nearby NYMEX Crude Oil Futures contract price (divided by 6), and add the value of the change in the NYMEX Crude Oil Backwardation/Contango (B/C) Index. |
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| Trading Hours (All times are New York time) |
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Open outcry trading is conducted from 9:00 AM until 2:30 PM.
Electronic trading is conducted from 6:00 PM until 5:15 PM via the CME Globex® trading platform, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date). Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday. |
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| Trading Months |
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| For the NYMEX Crude Oil MACI futures contract, one initial month will be listed for January 2011 expiration. Each subsequent January the Exchange intends to list an additional contract month for the subsequent January month termination such that on the second business day of January 2010 there will be three total contracts for expirations for January 2011, 2012, and 2013. |
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| Termination of Trading |
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| Final settlement will be on the first business day of December for the NYMEX Crude Oil Backwardation-Contango Index futures contract, and on the first business day of January for the NYMEX Crude Oil MACI futures contract. Trading on the expiring contract will end as of the close of NYMEX regular trading hours on the day of final settlement. |
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| Minimum Price Fluctuation |
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| 0.05 index point or $10.00 contract value |
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| Settlement |
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| Financial |
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| Trading Symbol |
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| XC |
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