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Copper Contract Specs
| Copper Futures Info: |
Copper Futures Charts, Quotes, Options |
| Trading Unit |
25,000 pounds. |
| Trading Hours: |
Open outcry trading is
conducted from 8:10 AM until 1:00 PM (NY Time) |
| Price Quotation |
U.S. cents per pound. |
| Trading Months: |
Trading is conducted for
delivery during the current calendar month and
the next 23 consecutive calendar months. |
| Ticker Symbol: |
HG |
| Minimum Fluctuation: |
Price changes are registered
in multiples of five one-hundredths of one
cent (0.05¢ or $0.0005) per pound, equivalent
to $12.50 per contract. A fluctuation of one
cent (1¢ or $0.01) is equivalent to $250 per
contract. |
| Last Trading Day: |
Trading terminates at the
close of business on the third to last
business day of the maturing delivery month. |
| Daily Limit on Price Movement:
|
Initial price limit, based
upon the preceding day's settlement price, is
$0.20 (20¢) per pound. Two minutes after
either of the two most active months trades at
the limit, trading in all months of futures
and options will cease for a 15-minute period.
Trading will also cease if either of the two
active months is bid at the upper limit or
offered at the lower limit for two minutes
without trading. Trading will not cease if the
limit is reached during the final 20 minutes
of a day's trading. If the limit is reached
during the final half hour of trading, trading
will resume no later than 10 minutes before
the normal closing time. When trading resumes
after a cessation of trading, the price limits
will be expanded by increments of 100%. |
| Position Limits: |
Any one month/all months:
5,000 net futures equivalent, but not to
exceed 1,500 in the spot month.
|
These contract specifications are subject to
change.
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