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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 B/C Index is based on NYMEX light sweet crude oil futures contracts. The index has a starting value of $100. At the close of trading on the first business day of each month, the Index is adjusted by adding to it the first nearby contract settlement price minus the seventh nearby contract settlement price, divided by six. |
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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 Backwardation-Contango Index futures contract, one initial month will be listed for December 2010 expiration. Beginning in 2009, each January the Exchange intends to list an additional contract month for the subsequent December month termination such that on the second business day of January 2010 there will be three total contracts for expirations in December 2010, 2011, and 2012. |
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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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| XK |
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