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|Contract Specifications:PL,NYMEX |
|Trading Unit: ||50 troy ounces|
|Tick Size: ||$0.10 (10 cents) per troy ounce, $5 per contract|
|Quoted Units: ||US $ per troy ounce|
|Initial Margin: ||$8,100 Maint Margin: $6,000|
|Contract Months: ||15 months beginning with the current month and the next two consecutive months before moving into the quarterly cycle of January, April, July, and October.|
|First Notice Day: ||First business day of contract month.|
|Last Trading Day: ||Close of business on the fourth business day prior to the end of the delivery month.|
|Trading Hours: ||8:20 A.M. to 1:05 P.M.|
Electronic: 3:15 P.M. on Mondays through Thursdays and concluding at 8:00 A.M. the following day.
On Sundays, the session begins at 7:00 P.M.
All times are New York time.
|Daily Limit: ||see exchange||