Differences

This shows you the differences between two versions of the page.

--- nymex_futures [2020/03/17 11:49] – [Basic Market Rules] maya
+++ nymex_futures [2020/08/04 13:55] (current) – [Contract Specifications] maya
@@ Line 13: / Line 13: @@
 Please be sure to familiarize yourself with the expiration dates of the different contracts: [[http://www.cmegroup.com/trading/products/#pageNumber=1&sortField=rank&sortAsc=false&searchString=es|Contract Lookup]]
-. Crude Oil futures: contract size / BP = Price * $1,000 * number of contracts
+You can use the following formula to calculate the contract value for each futures series. This value represents the amount of Buying Power (BP) you would need to trade these contracts.
-. Natural Gas futures: contract size / BP = Price * $10,000 * number of contracts
+. Crude Oil futures: contract value = Price * $1,000 * number of contracts
-. NY Harbor ULSD futures: contract size / BP = Price * $42,000 * number of contracts
+. Natural Gas futures: contract value = Price * $10,000 * number of contracts
-. RBOB Gasoline futures: contract size / BP = Price * $42,000 * number of contracts
+. NY Harbor ULSD futures: contract value = Price * $42,000 * number of contracts
+. RBOB Gasoline futures: contract value = Price * $42,000 * number of contracts
 ==== Order Types ====