Contract | Parameters |
---|---|
Contract Symbol | DWTIM |
Underlying | DGCX Mini West Texas Intermediate Light Sweet Crude Oil Futures |
Contract Size | 100 barrels (4,200 gallons) |
Notional Contract Value | USD 100 X DGCX West Texas Intermediate Light Sweet Crude Oil Futures |
Trading Currency | USD |
Settlement Currency | USD |
Price Quote | US Dollars and Cents per barrel |
Tick Size | USD 0.01 per barrel (US$ 1 per tick) |
Tick Value | USD1 |
Settlement Basis | Cash Only Settlement Contract |
Final Cash Settlement Price | The front month settlement price for WTI Crude Oil futures as made public by NYMEX for the Last Day of Trading of the DGCX front month contract |
Last Day of Trading | Last Day of Trading shall be the fourth US business day prior to the 25th calendar day of the month that precedes the Delivery Month. If the 25th calendar day is not a US business day; Last Day of Trading shall be the fourth US business day prior to the US business day that precedes the 25th calendar day. If the fourth US business day is not a DGCX Business Day, then the preceding DGCX Business Day shall be the Last Day of Trading |
Trading Days | Monday through to Friday |
Trading Hours | DGCX Trading Hours |
Trading Months | Twelve consecutive months plus ten contract months consisting of June and December months will be listed for an additional five calendar years |
New Contract Listing | Business day immediately following the last trading day |
Max Order Size | 5,000 contracts for banks and institutions promoted by banks. All other entities 2,000 contracts |
EFP / EFS / Block Trades | As per DGCX By-Laws. Minimum block size permitted is 100 contracts. |
Time Limit for EFP / EFS / Block Trade Registration | Up to 5 minutes after cessation of trading on any trading day |
Initial Margin based on SPAN | USD 400 per lot (subject to change) |
Extra Margin | At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged. |
Calendar Spread Margin | 100% benefit is offered on calendar spread positions |
Daily Price Movement limit | No Limits – Note 1* |