Please view the following specifications for Synthetic OTC Ethanol Futures:
Ticker Symbol:
OTC: ACX
QVS Product Grouping:
Promotional
Trading Unit:
29,000 gallons
Trading Hours:
Electronic: 6:36 p.m. to 6:00 a.m. and 9:30 a.m. to 1:15 p.m.
Contract Month Cycle:
24 consecutive calendar months
Min. Price Fluctuation:
$.001/gal = $29.00 per contract
Max. Price Fluctuation:
None
Daily Price Limits and
15 cents/gal daily price limits; dynamic price limits to match 1 contract
Position Limits:
200 contracts in the spot month, 1,000 contracts in a single month, and 1,000 contracts in all months combined.
Last Trading Day:
The third business day of the delivery month.
Expiration:
12:00 p.m.
Delivery Standards/Exercise Procedures:
Physical delivery by tank car, on track, at shipping origin with seller responsible for transporting product to buyer's destination. Freight charges are privately negotiated between buyer and seller. Should private negotiations fail, the seller shall deliver in-tank at the buyer's
ITC Fractional Indicator:
3
ITC Price Formats:
0001620
0001621
0001622
0001623
Please contact the Market Data Vendor Help Desk at (312) 341-3163 or cbotvendorsupport@cmegroup.com, if you have any questions.