COTTON
Trading Screen Product Name | ICE US Cotton No. 2 |
Commodity Code | CTE |
Contract Size | 50 000 pounds/ lot |
Price Quotation | cent / pound |
Trading Hours | Monday - Friday 08:00 A.M - 01:20 A.M (the next day) |
Minimum Price Fluctuation | 0.01 cent / pound |
Contract Series | March, May, July, October, and December |
Delivery Registration Day | The fifth business day prior to the First Notice Day |
First Trading Day | Five business days before the first delivery day of the spot contract month, which is the first business day of that month. |
Last Trading Day | Seventeen business days from end of spot month. |
Margin | As MXV required |
Position Limit | As MXV required |
Price Limit | Daily price limit can range from 3 to 7 cents per pound. |
Settlement Method | Deliverable |
Quality standards | Standards are detailed below |