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Nonfarm Payroll Futures
Posted By: TradersLog
CME Group Nonfam Payroll (NFP) futures and options are based on the NFP portion of the monthly Bureau of Labor Statistics Employment Report. NFP futures and options offer a vehicle to hedge market movement generated by this major release.
The Nonfarm Payrolls number is released by the BLS at approximately 7:30AM CT on the first Friday of each month.
Contract Specifications:
Exchange: Chicago Mercantile Exchange (CME)
Platform: CME Globex
Trade Unit: $25 x change in Non-Farm Payrolls (000′s), as published by the Bureau of Labor Statistics (BLS)
Settlement Method:Cash Settled
Point Size: 1 point = 1.0 = 1,000 jobs = $25.00
Tick Size: $25.00
Trading Hours:GLOBEX Sundays through Thursdays from 5:00 p.m. Central Time (CT) to 4:00 p.m. CT next day. Trading in an expiring contract concludes at 7:25 a.m. (Chicago time) on the first Friday of the contract month or such other day on which NFP figures are scheduled to be released by the BLS.
Ticker: NFP
See also: Futures Trading Forum, Nonfarm Payrolls
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