Trading instruments

Micro Copper

Exchange

COMEX

Symbol

QC

Contract name

Micro Copper

Contract size

2,500 pounds (≈1.134 metric tons)

Initial margin

Approximately USD 1,200; amount subject to change by CME

Price quotation

U.S. dollars and cents per pound

Trading hours

unday – Friday, 5:00 p.m. – 4:00 p.m. CT (60-minute break daily from 4:00 p.m. – 5:00 p.m. CT)

Minimum price fluctuation

$0.0005 per pound ($1.25 per contract)

Contract months

24 consecutive calendar months, and any March, May, July, September and December contracts in the nearest 63 months

First notice day

N/A (Financially Settled)

Last trading day

12:00 noon CT on the third-last business day of the month preceding the contract month

Settlement method

Financial Settlement (Cash Settlement)

Price limit

Dynamic price limit: ±10% of the dynamically calculated reference price; daily price limits apply in accordance with CME rules

Quality standard

N/A; no physical delivery