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Trade Copper Futures
Copper Futures Trading Contract
Specs
To trade Copper futures,
open a futures
trading account.
| 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. |
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Margin Requirements: |
Margins are required for open futures positions. |
| 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.
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These contract specifications are subject to change.
Content Provided by NYMEX.com
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