Nymex Settlement Dates

How do you trade on the weekend?

To trade on weekends, you’ll need to find a market that is open at that time in order to find a counter-party for your market order.

In the United States, the open market hours of the New York Stock Exchange and NASDAQ for regular stocks is between 9:30 a.m.

and 4 p.m.

EST..

What day of the month do oil futures expire?

The expiration dates for U.S. stock and stock index futures contracts fall on the third Friday of every third month. 2 This table shows these expiration dates through 2022.

What are WTI futures?

NYMEX WTI Light Sweet Crude Oil futures (ticker symbol CL), the world’s most liquid and actively traded crude oil contract, is the most efficient way to trade today’s global oil markets. NYMEX WTI trades nearly 1.2 million contracts a day, with each contract equal to 1,000 barrels and valued at roughly $44,740.

How is settlement date calculated?

The date, referred to as settlement day, is specified by the you in the contract of sale after consultation with the buyer. This is also the day you, as the seller, receive the balance of the sale price for your property from the buyer.

Are oil futures cash settled?

Current position limits: 3,000 contracts in the last three trading days in the spot month inclusive of futures-equivalent position in WTI Options. … The West Texas Intermediate Light Sweet Crude Oil futures contract is cash settled against the prevailing market price for US light sweet crude.

What time do WTI contracts expire?

Trading terminates 3 business day prior to the 25th calendar day of the month prior to the contract month. If the 25th calendar day is not a business day, trading terminates 4 business days prior to the 25th calendar day of the month prior to the contract month.

What time do Crude oil futures settle?

Daily settlement time ranges are for most major futures….Energy.*Daily Settlement Time Ranges**Updates to cmegroup.comEnergy Products14:28:00-14:30:00 ET14:47, 15:02, 15:31, 16:01, 16:31, 17:30, 19:00 ET

What is the settlement date for futures?

The settlement date is the date when a trade is final, and the buyer must make payment to the seller while the seller delivers the assets to the buyer. The settlement date for stocks and bonds is usually two business days after the execution date (T+2).

Do futures trade on Saturday?

Strictly speaking, futures do not trade on weekends, but due to differences in time zones, the Asian big markets (Sydney, Tokyo, Hong Kong, and others) open for a new week much earlier than the U.S. market. So, the global and US futures market starts trading on Sunday evening in the US.

Should I buy WTI or Brent?

In the United States, West Texas Intermediate is the preferred measure and pricing model. It is also slightly “sweeter” and “lighter” than Brent. West Texas Intermediate (WTI) is slightly lower in price than Brent.

Where can I trade WTI?

The two most popular types are Brent Crude and West Texas Intermediate (WTI), which are traded on the Intercontinental Exchange (ICE) and New York Mercantile Exchange (NYMEX) respectively. They are used as benchmarks for global oil prices, as well as economic health.

Can you trade futures options after hours?

You can—in the futures options market. Yup, 24 hours a day, 5.5 days a week, you can trade E-mini S&P and E-mini Nasdaq, as well as crude oil, gold, corn, the euro currency, and many more.

What is CME settlement?

Settlement is an official CME Group price established for the instrument at a given point in the trading day. CME Group staff determines the daily settlements for all contracts with volume or open interest.

How are oil futures settled?

Unlike those for most agricultural commodities, futures for oil settle monthly. Other futures contracts may settle only four times a year, for example. The added frequency and regularity of oil contracts make it easier for investors to determine trends, or expected trends, in the eventual price of oil.

What is WTI trading at?

Oil Price ChartsFutures & IndexesLastLast UpdatedWTI Crude60.94(2 Hours Delay)Brent Crude64.53(1 Hour Delay)Mars US61.52(2 Hours Delay)Opec Basket66.76(1 Day Delay)20 more rows

Do futures trade on the weekend?

Unlike the stock market, which is open from 9:30 a.m. to 4 p.m eastern time on weekdays, electronic futures trading runs almost 24 hours a day, five days a week. … Futures trading opens on Sunday evening for a week’s worth of action.

What happens on the settlement date?

What happens on settlement day? On settlement day, at an agreed time and place, your settlement agent (solicitor or conveyancer) meets with your lender and the seller’s representatives to exchange documents. They organise for the balance of the purchase price to be paid to the seller.

What time does Nymex settle?

The first six contract months in NYMEX WTI Crude Oil futures (CL), Natural Gas futures (NG), Heating Oil futures (HO), and RBOB Gasoline futures (RB) are settled by CME Group staff based solely upon trading activity on CME Globex between 14:28:00 and 14:30:00 Eastern Time (ET).

Is WTI Cash Settled?

WHAT IS CONTRACT EXPIRY? An oil futures contract expires once a month. … WTI contracts are settled with physical barrels, while Brent is settled with cash.

What time does WTI crude start trading?

Trading Hours: Futures & OptionsProduct NamePre-Open CME Globex (Sunday)CME Globex (Sunday)Crude Oil (NYMEX)Light Sweet Crude Oil (WTI) Options17:00 ET (16:00 CT)18:00-17:00 ET (17:00-16:00 CT)Crude Oil Financial Futures17:00 ET (16:00 CT)18:00-17:00 ET (17:00-16:00 CT)Crude Oil TAS*17:00 ET (16:00 CT)1 more row

What is difference between trade date and settlement date?

Key Takeaways. Purchasing a security involves a trade date, which signifies the day an investor places the buy order, and a settlement date, which marks the date and time the legal transfer of shares is actually executed between the buyer and the seller.