30 Day Federal Funds
Futures and Options
30 Day Federal Funds 12 Month Midcurve Options - Contract Specs
| Contract Unit | One 30-Day Federal Funds Futures contract |
|---|---|
| Minimum Price Fluctuation | 1/4 of one basis point (0.0025) = $10.4175 |
| Price Quotation | U.S. dollars and cents per basis point |
| Trading Hours | CME Globex: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. - 5:00 p.m. CT CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT |
| Product Code | CME Globex: ZQ1 CME ClearPort: FF1 Clearing: FF1 |
| Listed Contracts | Monthly contracts listed for 3 consecutive months |
| Termination of Trading | Trading termiates on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | Strike prices will be listed in increments of 6.25 basis points (0.0625) and 12.5 basis points (0.1250). The following strike prices in increments of 6.25 basis points will be listed: the at-the-money strike price closest to the current futures price plus the next ten consecutive higher and the next ten consecutive lower strike prices. Above and below this band, the following strike prices in increments of 12.5 basis points shall be listed: the next five (5) consecutive higher and the next five (5) consecutive lower strike prices. |
| Exercise Style | American |
| Settlement Method | Deliverable |
| Underlying | 30-Day Federal Fund Futures |
