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Financial Futures
Contract Detail
Specifications
Margins
Termination Schedule
 
Trading Unit
$25 times Cash Index
Trading Hours (All times are New York time)
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 5:15 PM (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.
Trading Months
Four Initial months will be listed on a March, June, September, and December cycle beginning with September 2007.
Termination of Trading
Final settlement will be on the third Friday of the Delivery Month. If that Friday is a business holiday, final settlement will occur on the business day immediately prior to the third Friday. Trading on the expiring contract will end as of the close of CME GLOBEX® trading on the evening prior to final settlement.
Minimum Price Fluctuation
0.50 index point or $12.50 contract value
Settlement
Financial
Trading Symbol
AX
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