Dow Futures
Posted By: TradersLog
Contract Specifications:
Contract Size: Ten dollars ($10) times the Dow Jones Industrial Average Index. The DJIA is a price-weighted index of thirty (30) stocks.
Final Settlement Day: The third Friday of the contract month.
Settlement: Cash settlement on the final settlement day. The final settlement price is $10 times a Special Opening quotation of the index.
Tick Size: Minimum price increment is one index point (equal to $10 per contract).
Price Quote: The DJIA Index, quoted in index points.
Contract Months: Mar, Jun, Sep, Dec. Four nearest months in March quarterly cycle and two additional December contracts listed at all times.
Last Trading Day: The trading day preceding the final settlement day.
Trading Platform: Open Auction and Electronic.
Trading Hours:
Floor: Monday – Friday, 8:30 am to 3:15 pm Central Time (CT)
Last Trading Day: Trading can occur up to 3:15 pm on the Thursday prior to expiration day
Electronic: Monday – Thursday, 3:30 pm – 4:30 pm and 5:00 pm – 8:15 am next day
Sunday: 5:00 pm – 8:15 am next day.
Last Trading Day: Trading in expiring contracts ceases at 8:15 a.m. on expiration day
Ticker Symbols:
Open Auction: DJ
Electronic: ZD
Fungibility: BIG Dow futures ($25 multiplier), mini-sized Dow futures ($5 multiplier), and DJIA futures ($10 multiplier) are fungible contracts
Daily Price Limit: Successive 10%, 20%, and 30% limits. For details, please see CBOT Regulation 1008.01.
Position Limits: The aggregate position limit in BIG Dow futures ($25 multiplier), mini-sized futures and options ($5 multiplier), and DJIA futures and options ($10 multiplier) is 50,000 DJIA futures ($10 multiplier) equivalent contracts, net long or short in all contract months combined.
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