Brennan said, "While trading futures instruments based on the Dow Jones Industrial Average, the world's leading equity index, provided a watershed of trading opportunity for CBOT membership, I am confident that these new futures will provide additional risk management opportunities for our members and customers.
"Dutterer said, "Our members and customers have made CBOT Dow Jones Industrial Average futures and futures options a success. We are committed to providing the most efficient markets possible so that futures contracts based on the Dow Jones Transportation, Utility, and Composite averages will be an even greater success.
"Futures contracts on the entire CBOT Dow Jones complex will trade from 7:20 a.m. to 3:15 p.m. (Central Time). For more information on the CBOT stock index complex contract Laura LaBarbera at 312-435-3649.
CBOT® Dow Jones Transportation AverageSM Index Futures Contract Specifications
Trading Unit: Twenty ($20.00) times the Dow Jones Transportation AverageSM ("DJTA") Index. The DJTA is a price-weighted index composed of twenty (20) U.S. transportation stocks.
Price Basis: Points and halves of one point. One point (1) equals $20.00 per contract. Minimum price fluctuation is one-half (1/2) of one point, or $10.00 per contract.
Contract Months: March, June, September, and December.
Last Trading Day: The trading day preceding the final settlement day.
Final Settlement Day: The third Friday of the contract month.
Position and Reportable Limits: Net long/short position in all contract months combined of 2,800 with a reportable limit of 25 contracts.
Daily Price Limits: Successive 10%, 20%, and 30% limits.
Delivery Method: Cash settlement on the final settlement day. The final settlement price is $20.00 times a Special Opening Quotation of the index.
Trading Hours: Open Outcry- 7:20 a.m. to 3:15 p.m. (Chicago time).
Margins*: $2,025 initial and $1,500 maintenance.
Ticker Symbol: DQ ? $52,860= $20 * 2,643.
CBOT® Dow Jones Utility AverageSM Index Futures Contract Specifications
Trading Unit: Two-hundred ($200.00) times the Dow Jones Utilities AverageSM ("DJUA") Index. The DJUA is a price-weighted index composed of fifteen (15) U.S. utility stocks.
Price Basis: Points and twentieths of one point. One point (1) equals $200.00 per contract. Minimum price fluctuation is one-half (1/2) of one point, or $10.00 per contract.
Contract Months: March, June, September, and December.
Last Trading Day: The trading day preceding the final settlement day.
Final Settlement Day: The third Friday of the contract month.
Position and Reportable Limits: Net long/short position in all contract months combined of 4,000 with a reportable limit of 25 contracts.
Daily Price Limits: Successive 10%, 20%, and 30% limits.
Delivery Method: Cash settlement on the final settlement day. The final settlement price is $200.00 times a Special Opening Quotation of the index.
Trading Hours: Open Outcry- 7:20 a.m. to 3:15 p.m. (Chicago time).
Margins*: $1,350 initial and $1,000 maintenance.
Ticker Symbol: DR
Current Value: $63,600= $200 * 318.
CBOT® Dow Jones Composite AverageSM Index Futures Contract Specifications
Trading Unit: Twenty ($20.00) times the Dow Jones Composite AverageSM ("DJCA") Index. The DJCA is a price-weighted index of sixty-five (65) companies that comprise the stocks included in the Dow Jones Industrial AverageSM, the Dow Jones Transportation AverageSM, and the Dow Jones Utility AverageSM.
Price Basis: Points and halves of one point. One point (1) equals $20.00 per contract. Minimum price fluctuation is one-half (1/2) of one point, or $10.00 per contract.
Contract Months: March, June, September, and December.
Last Trading Day: The trading day preceding the final settlement day.
Final Settlement Day: The third Friday of the contract month.
Position and Reportable Limits: To be determined.
Daily Price Limits: Successive 10%, 20%, and 30% limits.
Delivery Method: Cash settlement on the final settlement day. The final settlement price is $20.00 times a Special Opening Quotation of the index.
Trading Hours: Open Outcry- 7:20 a.m. to 3:15 p.m. (Chicago time).
Margins*: $1,350 initial and $1,000 maintenance.
Ticker Symbol: DE
Current Value: $60,700= $20 * 3,035
