Difference between revisions of "LME Copper"

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|ctype    = Metal <!-- Type of commodity, e.g. Agricultural, Financial, Weather, Emissions -->
 
|ctype    = Metal <!-- Type of commodity, e.g. Agricultural, Financial, Weather, Emissions -->
 
|settle  =  <!-- C for cash settled, B for both cash and physical, P or leave blank for physical -->
 
|settle  =  <!-- C for cash settled, B for both cash and physical, P or leave blank for physical -->
|months  =  <!-- Contract months traded -->
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|months  = Monthly out to 63 months <!-- Contract months traded -->
 
|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
 
|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
|ltd      =  <!-- Rules for determining Last Trading Day -->
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|ltd      = The last business day of the month, before the start of the second Ring at 12.30 <!-- Rules for determining Last Trading Day -->
 
|unit    = 25 tons (with a tolerance of +/- 2%) <!-- Unit of commodity in contract, e.g. 50,000 pounds -->
 
|unit    = 25 tons (with a tolerance of +/- 2%) <!-- Unit of commodity in contract, e.g. 50,000 pounds -->
 
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
 
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
 
|ptval    =  <!-- Dollar (or other currency) value of a single contract point -->
 
|ptval    =  <!-- Dollar (or other currency) value of a single contract point -->
 
|tickPt  =  <!-- Number of points per trading tick, eg 2.5 -->
 
|tickPt  =  <!-- Number of points per trading tick, eg 2.5 -->
|tickVal  = *Ring - Outright $0.50, Carries $0.01
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|tickVal  = $0.01 per tonne <!-- Dollar (or other currency) amount of trading tick -->
*LME Select - Outright $0.25, Carries $0.01
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*Inter-office - Outright/Carries $0.01 <!-- Dollar (or other currency) amount of trading tick -->
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|elect    = Y <!-- Y if an electronic trading session exists; leave blank if none -->
 
|elect    = Y <!-- Y if an electronic trading session exists; leave blank if none -->
 
|elHours  = 01:00 to 19:00 hours, London Time <!-- Electronic trading hours; leave blank if none -->
 
|elHours  = 01:00 to 19:00 hours, London Time <!-- Electronic trading hours; leave blank if none -->
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|options  = x <!-- Any value if option data is being provided -->
 
|options  = x <!-- Any value if option data is being provided -->
 
|opUnit    =  <!-- Trade unit -- leave blank unless it's something other than "One futures contract" -->
 
|opUnit    =  <!-- Trade unit -- leave blank unless it's something other than "One futures contract" -->
|opMonths  =  <!-- List of option months -->
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|opMonths  = Monthly out to 63 months <!-- List of option months -->
 
|opPtdesc  =  <!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
 
|opPtdesc  =  <!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
 
|opPtval  =  <!-- dollar (or other currency) value of one market point -->
 
|opPtval  =  <!-- dollar (or other currency) value of one market point -->
 
|opTickPt  =  <!-- option tick size in points -->
 
|opTickPt  =  <!-- option tick size in points -->
|opTickVal = <!-- option tick size in currency -->
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|opTickVal = $0.01 per tonne <!-- option tick size in currency -->
 
|opExercise=  <!-- Exercise style, American, European or leave blank if not relevant -->
 
|opExercise=  <!-- Exercise style, American, European or leave blank if not relevant -->
 
|opElect  = x <!-- Any value if electronic trading is used -->
 
|opElect  = x <!-- Any value if electronic trading is used -->

Latest revision as of 15:45, 10 July 2018


Copper futures
Exchange LME
Settlement Physically delivered
Contract Size 25 tons (with a tolerance of +/- 2%)
Pricing Unit Need pricing unit!
Tick Value $0.01 per tonne
Contract Months Monthly out to 63 months
Last Trading Day The last business day of the month, before the start of the second Ring at 12.30
  Open Outcry Electronic
Trading Hours 11:45 to 17:00 hours, London Time 01:00 to 19:00 hours, London Time
Ticker Symbol N/A N/A
Price Limits N/A N/A
 
Copper options
Trade Unit One futures contract
Point Value Need point value!
Tick Value $0.01 per tonne
Option Months Monthly out to 63 months
Strike Prices
  • $25 gradations for strikes from US$25 to US$3975
  • $50 gradations for strikes form US$4000 to US$7950
  • $100 gradations for all strikes over $US8000
  Open Outcry Electronic
Trading Hours 11:45 to 17:00 hours, London Time 01:00 to 19:00 hours, London Time
Ticker Symbol N/A N/A
Price Limits N/A N/A

Notes

Resources

LME Copper Contract Specifications