CME Contract Specifications Changes: CME-CheMatch Benzene And Mixed Xylenes Futures

The CME Contract Specifications pages on the CME's Web site have been updated to reflect the following: Chicago Mercantile Exchange Inc. (CME) has announced that it will expand trading hours of CME-CheMatch benzene and mixed xylenes futures to nearly around-the-clock, from 3:00 p.m. (Central Time) to 2:15 p.m. the following business day, with a 5:30 p.m. opening on Sundays.

Block trading will also be implemented in the chemicals futures products, with a minimum threshold of 10 contracts. Ten contracts is the equivalent of one barge, a common unit of trade in the cash market for these products.