- Trading Screen Product Name
- CSX Coal Futures
- Trading Screen Hub Name
- Commodity Code
- Hedge Instrument
CSX Coal Futures contract.
- Trading Period
Up to 60 consecutive months, Quarterly, seasonal, calendar, and any
period of consecutive monthly contracts can be registered as a
strip. For example, a Q1 option is an option on Jan, an option on
Feb, and an option on Mar, with each option expiring thirty
calendar days before the start of the relevant contract month.
- Expiration Date
The option contract shall expire at the close of the designated
settlement period on the first business day of the month prior to
the contract month of the futures contract.
- Contract Security
ICE Clear Europe acts as central counterparty to all trades thereby
guaranteeing the financial performance of ICE Futures Europe
contracts registered in the name of its Members up to and including
delivery, exercise and/or settlement.
- Trading Model
Continuous trading throughout trading hours
- Trading Methods
Electronic futures, Exchange for Physical (EFP), Exchange for Swap
(EFS) and Block Trades are available for this contract.
- Unit of Trading
1,000 short tons of thermal coal
- Minimum Trading Size
1 lot = 1,000 short tons
- Minimum Block Order
5 lots = 5,000 short tons
The contract price is in US Dollars and in US Dollar Cents per ton
- Strike Price Increments
A minimum of ten Strike Prices in increments of $0.50 above and
below the at-the-money Strike Price. Strike Price boundaries are
adjusted according to futures price movements. User-defined Strike
Prices are allowed in $0.25 increments.
- Minimum Price Fluctuation
1 dollar cent per tonne
- Minimum Tick
$0.01 per tonne.
- Maximum Price Fluctuation
There are no limits.
- Position Limit
Positions are reported to the Exchange on a daily basis. The
Exchange has powers to prevent the development of excessive
positions or unwarranted speculation or any other undesirable
situation and may take steps to resolve such situations including
the ability to mandate members to limit the size of such positions
or to reduce positions where appropriate.
- Option Premium
Equity Style such that premiums are paid at the time the
transaction is executed.
- Exercise and Automatic Exercise
Expires into the CSX Coal Futures contract with European-style
exercise. If the option is not abandoned, automatic exercise will
- MIC Code
- Clearing Venues