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30 Day Fed Fund Futures
| Contract Size |
|
$5 million |
| Tick Size |
|
$20.835 per 1/2 of one basis point (1/2 of 1/100 of one percent of $5 million on a 30-day basis rounded up to the nearest cent). |
| Price Quote |
|
100 minus the average daily fed funds overnight rate for the delivery month (e.g. a 7.25 percent rate equals 92.75) |
| Contract Months |
| First 24 calendar months |
| Last Trading Day |
| Last business day of the delivery month. Trading in expiring contracts closes at 2:00 pm, Chicago time on the last trading day. |
| Settlement |
|
The contract is cash settled against the average daily fed funds overnight rate, rounded to the nearest one-tenth of one basis point, for the delivery month. The daily fed funds overnight rate is calculated and reported by the Federal Reserve Bank of New York.
|
| Trading Hours |
| Open Auction: 7:20 am - 2:00 pm, Central Time, Monday - Friday Electronic: 5:30 pm - 4:00 pm, Central Time, Sunday - Friday |
| Ticker Symbols |
| Open Auction: FF Electronic: ZQ |
| Daily Price Limit |
| N/A |
| Margin Information |
| Find information on margins requirements for the 30 Day Fed Fund Futures. |
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