Futures: Trading takes place in lots of 5,000 troy ounces.
Options: Trading takes place in lots of COMEX Division silver futures contract.
Trading hours: The open outcry session starts at 8:25 and closes at 13:25
Price Quotation: The contract price is quoted in dollars and cents per troy ounce.
Maximum Price Fluctuation: Maximum price fluctuation is in multiples of one-half cent ($ 0.005) per troy ounce (equivalent to $ 25 per contract). For straddle or spread transactions, as well as the determination of settlement prices, the price changes are registered in multiples of one-tenth of a cent ($ 0.001) per troy ounce equivalent to $ 5 per contract. A fluctuation of one cent ($ 0.01) is equivalent to $ 50 per contract.
Maximum Daily Price Fluctuation:
Futures: Initial price limit of $ 1.50 above or below the preceding day's settlement price.
Options: There is no limit to price fluctuations in options.
No comments:
Post a Comment