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> CME
|
Fed Funds, 30 day
| Contract Size |
| $5 million |
| Deliverable Grades |
| N/A |
| Tick Size |
$20.835 per 1/2 of one basis point (1/2 of 1/100 of one percent of $5 million on a 30-day basis rounded up to the nearest cent). |
| Price Quote |
100 minus the average daily fed funds overnight rate for the delivery month (e.g. a 7.25 percent rate equals 92.75). |
| Contract Months |
| First 24 calendar months. |
| Last Trading Day |
| Last business day of the delivery month. |
| Settlement |
The contract is cash settled against the average daily fed funds overnight rate, rounded to the nearest one-tenth of one basis point, for the delivery month. The daily fed funds overnight rate is calculated and reported by the Federal Reserve Bank of New York . |
| Trading Hours |
Open Auction: 7:20 am - 2:00 pm, Central Time, Monday - Friday |
| Ticker Symbols |
Open Auction: FF |
| Daily Price Limit |
| None. |
| Ticker Symbols Exchange |
| CME |