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Home » Members » Members Directory » Rosario Futures Exchange (ROFEX)

Last updated: August 2011

Rosario Futures Exchange (ROFEX)

Street address: Paraguay 777 4th floor, S2000CVO Rosario, Argentina
Phone: +54 341 5302900
Fax: +54 341 421 5097
Email: info--.at.--rofex.com.ar
Website: www.rofex.com.ar

Principal officers

Chairman:

Luis B. Ossola

CEO:

Diego G. Fernández

 

 


Brief history

The Rosario Futures Exchange (ROFEX) was founded in 1909 as the “Mercado General de Productos Nacionales” (General Exchange of National Commodities). It traded huge volumes of linen (1.3m metric tonnes in 1924), corn (3.3m metric tonnes in 1929) and wheat (3.7m metric tonnes in 1924) during the first two decades, until trading was hampered by interventionist governments and chronic inflation.

Between the late thirties and the end of the eighties, the Exchange was used by government as a regulatory agency and for official grain purchases. At the beginning of the nineties the government allowed the negotiation of grain futures contracts in US dollars.

In 2001, the Derivatives Financial Division was created with trading on local bonds and foreign exchange. Peso-dollar cash-settled futures and options were first traded in May 2002 and have experienced substantial growth; these contracts now account for over 98% of market volume, which had increased 30-fold by 2005. At the end of 2004 new derivatives contracts on interest rates and inflation were launched. Futures contracts on sovereign bonds were launched in 2007.

Structure

The Rosario Futures Exchange is a profit-making organisation composed of 10,500 shares. 

Trading statistics

Trading volume (contracts)

1996 17,387
1997 35,732
1998 68,226
1999 102,944
2000 140,097
2001 223,833
2002 408,470
2003 2,895,131
2004 8,165,481
2005 13,427,323
2006 18,211,700

2007

25,422,744

2008

42,216,661

2009

51,483,986

 

Trading system

Trading is through an electronic trading system which is internet-based.

 

Margin information

Margins are defined by Argentina Clearing House (Central Counterparty) periodically.

Exchange holiday schedule

2011

2011 Holiday Schedule:

01/01/2011

07/03/2011

08/03/2011

24/03/2011

25/03/2011

02/04/2011

21/04/2011

22/04/2011

01/05/2011

25/05/2011

20/06/2011

09/07/2011

22/08/2011

10/10/2011

28/11/2011

08/12/2011

09/12/2011

25/12/2011

Futures contracts:

Futures Contracts US Dollar
Underlying asset: US Dollar (USD)
Trading unit / Contract size: USD 1.000 (one thousand Dollars).
Quotation: Argentine Pesos ($) per each USD 1 (one Dollar) to 3 decimal digits
Trading currency: Argentinian Pesos ($)
Contract months: All twelve months of the year. Weekly positions may be authorized provided that there is a period of no less than 7 consecutive days between the expiration day of a monthly position and the expiration day of a weekly position.
Expiration and last trading day: Last business day of the contract month for monthly positions and Fridays (or next business day) por weekly positions.
Settlement: Cash Settlement based on Argentinian Central Bank (Com."A"3500).
Minimun price fluctuation: $ 0,001 per 1 USD.
Maximun price fluctuation: Calculated by the scenarios system determined by the Clearinghouse
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: DO

Options Contracts
Underlying asset: One US Dollar Futures Contract
Quotation: Argentine Pesos ($) per each USD 1 (one Dollar) to 3 decimal digits
Trading currency: Argentinian Pesos ($)
Expiration and last trading day: Options shall expire and can be traded up to the expiration day of the underlying futures contract.
Automatic exercise:
Minimun price fluctuation: $ 0,001 per USD.
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Expressed by lots of USD 1 to two decimal digits and multiples of $0.01.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: DO

Futures Contracts Euro
Underlying asset: EU Euro (€)
Trading unit / Contract size: € 1.000 (one thousand EU Euros).
Quotation: Argentine Pesos ($) per each € 1 (one Euro) to 3 decimal digits
Trading currency: Argentinian Pesos ($)
Contract months: All twelve months of the year. Weekly positions may be authorized provided that there is a period of no less than 7 consecutive days between the expiration day of a monthly position and the expiration day of a weekly position.
Expiration and last trading day: Last business day of the contract month for monthly positions and Fridays (or next business day) por weekly positions.
Settlement: Cash Settlement determined by the product  of: the exchange rate of USD per € calculated by European Central Bank and  the exchange rate of Argentine Pesos per USD calculated by Argentinian Central Bank (Com."A"3500).
Minimun price fluctuation: $ 0,001 per 1 €.
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: EC

Options Contracts
Underlying asset: One EU Euro Futures Contract
Quotation: Argentine Pesos ($) per each € 1 (one Euro) to 3 decimal digits
Trading currency: Argentinian Pesos ($)
Expiration and last trading day: Options shall expire and can be traded up to the expiration day of the underlying futures contract.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: $ 0,001 per €.
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Expressed by lots of € 1 to two decimal places and multiples of $0.10.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: EC

Futures Contracts Real
Underlying asset: Brazilian Real (R)
Trading unit / Contract size: R 1.000 (one thousand BR Real).
Quotation: Argentine Pesos ($) per each R$1 (one Real) to 3 decimal digits
Trading currency: Argentinian Pesos ($)
Contract months: All twelve months of the year. Weekly positions may be authorized provided that there is a period of no less than 7 consecutive days between the expiration day of a monthly position and the expiration day of a weekly position.
Expiration and last trading day: Last business day of the contract month for monthly positions and Fridays (or next business day) por weekly positions.
Settlement: Cash Settlement determined by the ratio  of:  the exchange rate of Argentine Pesos per USD calculated by Argentinian Central Bank (Com."A"3500) and  Exchange Rate of Brazilian Real per USD, calculated by the  Central Bank of Brazil.
Minimun price fluctuation: $ 0,001 per 1 R.
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: BR

Options Contracts
Underlying asset: One Brazilian Real Futures Contract
Quotation: Argentine Pesos ($) per each R$1 (one Real) to 3 decimal digits
Trading currency: Argentinian Pesos ($)
Expiration and last trading day: Options shall expire and can be traded up to the expiration day of the underlying futures contract.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: $ 0,001 per R.
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Expressed by lots of R 1 to two decimal places and multiples of $0.10.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: BR

Futures Contracts  US Dollar EMTA
Underlying asset: US Dollar (USD)
Trading unit / Contract size: USD 1.000 (one thousand Dollars).
Quotation: Argentine Pesos ($) per each USD 1 (one Dollar) to 3 decimal digits
Trading currency: Argentinian Pesos ($)
Contract months: All twelve months of the year. Weekly positions may be authorized provided that there is a period of no less than 7 consecutive days between the expiration day of a monthly position and the expiration day of a weekly position.
Expiration and last trading day: Last business day of the contract month for monthly positions and Fridays (or next business day) por weekly positions.
Settlement: Cash Settlement based on the exchange rate of Argentine Pesos per USD calculated by EMTA (Emerging Markets Trade Association).
Minimun price fluctuation: $ 0,001 per 1 USD.
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: EMT

Options Contracts
Underlying asset: One US Dollar EMTA Futures Contract
Quotation: Argentine Pesos ($) per each USD 1 (one Dollar) to 3 decimal digits
Trading currency: Argentinian Pesos ($)
Expiration and last trading day: Options shall expire and can be traded up to the expiration day of the underlying futures contract.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: $ 0,001 per USD.
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Expressed by lots of USD 1 to two decimal places and multiples of $0.01.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: EMT

Futures Contracts Private Banks BADLAR Rate (BAR)
Underlying asset: Interests generated by a theoretical deposit of one hundred and twenty thousand Argentine pesos constituted for a 30-day period.
Trading unit / Contract size: $ 120.000 (one hundred and twenty thousand Argentinian Pesos).
Quotation: Percentage Annual Interest Rate to two decimal digits.
Trading currency: Argentinian Pesos ($)
Contract months: All twelve months of the year. Weekly positions may be authorized provided that there is a period of no less than 7 consecutive days between the expiration day of a monthly position and the expiration day of a weekly position.
Expiration and last trading day: Last business day of the contract month.
Settlement: All contracts that remain open at the end of the last trading day shall be settled by delivery or reception, as the case may be, of Argentine pesos for an amount that covers the difference between the contract original price and the final settlement price determined by the simple arithmetic average value of the publications made from two days before the start of the expiration month and up to two business days before the date of final settlement of contracts of the BADLAR rate
Minimun price fluctuation: 1 basis point (0,01%) ($1,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: BAR

Options Contracts
Underlying asset: One BADLAR Private Banks Rate Futures Contract
Quotation: Percentage Annual Interest Rate to two decimal digits.
Trading currency: Argentinian Pesos ($)
Expiration and last trading day: Options shall expire and can be traded up to the expiration day of the underlying futures contract.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: 1 basic point (0,01%) ($1,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Multiples of 10 basis points (0.1%). 
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: BAR

Futures Contracts Argentinian Federal Bonds
Underlying asset: Argentinian Federal Bonds:
DICP, NF18, PR12, RG12.
Trading unit / Contract size: $ 10.000 (ten thousand Argentinian Pesos) nominal value for bonds issued in pesos / USD 10.000 (ten thousand Dollars) nominal value for bonds issued in dollars.
Quotation: Argentinian Pesos per $ 100 nominal value / Argentinian Pesos per USD 100 nominal value.
Trading currency: Argentinian Pesos ($)
Contract months: All twelve months of the year. Weekly positions may be authorized provided that there is a period of no less than 7 consecutive days between the expiration day of a monthly position and the expiration day of a weekly position.
Expiration and last trading day:  Fourth Wednesday of the contract month or next business day if this is a non-business day.
Settlement: Delivery depending on the delivery procedure established by the Clearing House.
Minimun price fluctuation: $ 0,10 per 100 notional. 
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: DICP, RG12

Options Contracts
Underlying asset: One Argentinian Federal Bonds Futures Contract
Quotation: Argentinian Pesos per $ 100 nominal value / Argentinian Pesos per USD 100 nominal value.
Trading currency: Argentinian Pesos ($)
Expiration and last trading day: Third Wednesday of the futures contract expiration month, or next business day if this is a non-business day.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: $ 0,10 per 100 notional. 
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Expressed by 100 nominal value to two decimal places and multiples of $0,01.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: DICP, RG12

Futures Contracts Dollar CFD
Underlying asset: US Dollar (USD)
Trading unit / Contract size: USD 1.000 (one thousand Dollars).
Quotation: Argentine Pesos ($) per each USD 1 (one Dollar) to 3 decimal digits
Trading currency: Argentinian Pesos ($)
Contract months: It is not listed by contract months.
Expiration and last trading day: This contract does not expire. Open positions are transferred to the following day,
Settlement: As this contract does not expire, positions are daily settled at the end of each trading session. The Settlement Price shall be the weighted average of the prices stipulated in the last 30 minutes of the FOREX MAE trading session of the Mercado Abierto Electrónico SA.
Minimun price fluctuation: $ 0,001 per 1 USD.
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: RFX

Options Contracts
Underlying asset:
Quotation: Argentine Pesos ($) per each USD 1 (one Dollar) to 3 decimal digits
Trading currency:
Expiration and last trading day:
Automatic exercise:
Minimun price fluctuation:
Maximun price fluctuation:
Exercise price:
Margin information:
Fees:
Ticker E-trader:

Futures Contracts Soybean Exports Condition
Underlying asset: Soybean: Export Condition Quality according to the Grain Arbitration Chamber of the Rosario Board of Trade base on the established comercial rules of the Ministry of Agriculture, Livestock and Fisheries of Argentina.
Trading unit / Contract size: 30 metric tons
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Contract months: The twelve months of the year.
Expiration and last trading day: The contract shall be traded up to the trading session prior to the last five (5) trading sessions of the month stipulated for delivery.
Settlement: Delivery depending on the delivery procedure established by the Clearing House.
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: SE

Options Contracts
Underlying asset: One Soybean Export Condition Futures Contract.
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Expiration and last trading day: The contract shall be traded up to the trading session prior to the last five (5) trading sessions of the month preceding the contract month.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Exercise prices will be even numbers, expressed in USD per metric ton.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: SE

Futures Contracts Soybean Crushing Condition
Underlying asset: Soybean: Crushing Condition Quality according to the commodity delivery rules of the Clearinghouse.
Trading unit / Contract size: 30 metric tons
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Contract months: The twelve months of the year.
Expiration and last trading day: The contract shall be traded up to the trading session prior to the last five (5) trading sessions of the month stipulated for delivery.
Settlement: Delivery depending on the delivery procedure established by the Clearing House.
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: SEF

Options Contracts
Underlying asset: One Soybean Crushing Condition Futures Contract.
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Expiration and last trading day: The contract shall be traded up to the trading session prior to the last five (5) trading sessions of the month preceding the contract month.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Exercise prices will be even numbers, expressed in USD per metric ton.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: SEF

Futures Contracts Wheat
Underlying asset: Wheat: Condition Quality according to the commodity delivery rules of the Clearinghouse.
Trading unit / Contract size: 30 metric tons
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Contract months: The twelve months of the year.
Expiration and last trading day: The contract shall be traded up to the trading session prior to the last five (5) trading sessions of the month stipulated for delivery.
Settlement: Delivery depending on the delivery procedure established by the Clearing House.
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: TE

Options Contracts
 



Underlying asset:
 One Wheat Futures Contract
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Expiration and last trading day: The contract shall be traded up to the trading session prior to the last five (5) trading sessions of the month preceding the contract month.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Exercise prices will be even numbers, expressed in USD per metric ton.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: TE
 
Futures Contracts Corn
Underlying asset: Corn: Condition Quality according to the commodity delivery rules of the Clearinghouse.
Trading unit / Contract size: 30 metric tons
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Contract months: The twelve months of the year.
Expiration and last trading day: The contract shall be traded up to the trading session prior to the last five (5) trading sessions of the month stipulated for delivery.
Settlement: Delivery depending on the delivery procedure established by the Clearing House.
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: ME
 
 

Options Contracts
 
Underlying asset: One Corn Futures Contract
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Expiration and last trading day: The contract shall be traded up to the trading session prior to the last five (5) trading sessions of the month preceding the contract month.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Exercise prices will be even numbers, expressed in USD per metric ton.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: ME
 
Futures Contracts Soybean Index
Underlying asset: Rosafe Soybean Index (ISR)
Trading unit / Contract size: 30 metric tons
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Contract months: The twelve months of the year.
Expiration and last trading day: Last business day of the contract month.
Settlement: There shall be no physical delivery of soybean for the contracts that remain open at the end of the last trading day. These contracts shall be settled, as the case may be, by cash delivery or receipt that covers the difference between the contract original price and the final settlement price determined by: The average spot price of the physical commodity determined by the Grain Arbitration Chamber of the Rosario Board of Trade for each of the last five (5) business days, expressed in U.S. Dollars per metric ton of soybean, under conditions established by that Chamber.
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: S
 
Options Contracts
Underlying asset: One ISR Futures Contract
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Expiration and last trading day: Options shall expire and can be traded up to the expiration day of the underlying futures contract.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Exercise prices will be even numbers, expressed in USD per metric ton.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: S
 
Futures Contracts Wheat Index
Underlying asset: Rosafe Wheat Index (ITR)
Trading unit / Contract size: 30 metric tons
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Contract months: The twelve months of the year.
Expiration and last trading day: Last business day of the contract month.
Settlement: There shall be no physical delivery of wheat for the contracts that remain open at the end of the last trading day. These contracts shall be settled, as the case may be, by cash delivery or receipt that covers the difference between the contract original price and the final settlement price determined by: The average spot price of the physical commodity determined by the Grain Arbitration Chamber of the Rosario Board of Trade for each of the last five (5) business days, expressed in U.S. Dollars per metric ton of wheat, under conditions established by that Chamber.
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: T
 
Options Contracts
Underlying asset: One ITR Futures Contract
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Expiration and last trading day: Options shall expire and can be traded up to the expiration day of the underlying futures contract.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Exercise prices will be even numbers, expressed in USD per metric ton.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: T
 
Futures Contracts Corn Index
Underlying asset: Rosafe Corn Index (IMR)
Trading unit / Contract size: 30 metric tons
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Contract months: The twelve months of the year.
Expiration and last trading day: Last business day of the contract month.
Settlement: There shall be no physical delivery of corn for the contracts that remain open at the end of the last trading day. These contracts shall be settled, as the case may be, by cash delivery or receipt that covers the difference between the contract original price and the final settlement price determined by: The average spot price of the physical commodity determined by the Grain Arbitration Chamber of the Rosario Board of Trade for each of the last five (5) business days, expressed in U.S. Dollars per metric ton of corn, under conditions established by that Chamber.
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: M
 
Options Contracts
 

Underlying asset:
 One IMR Futures Contract
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Expiration and last trading day: Options shall expire and can be traded up to the expiration day of the underlying futures contract.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: USD 0,1 per metric ton (USD 3,- per contract)
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Exercise prices will be even numbers, expressed in USD per metric ton.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: M
 
Futures Contracts SUR
Underlying asset: Soybean: Quality according to GAFTA 38; delivered free on board (FOB), represented by a Guarantee Shipping Certificate (CEG).
Trading unit / Contract size: 136,08 metric tons (5.000 bushels)
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Contract months: Jan, Mar, May, Jul, Aug, Sep and Nov.
Expiration and last trading day: The business day prior the 15th of the contract month.
Settlement: All contracts that remain outstanding after the last trading day shall be settled by delivery of a Soybean Up River Guarantee Shipping Certificate (CEG).
Minimun price fluctuation: USD 0,10 per metric ton
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader:
 
Options Contracts
Underlying asset: One Soybean Up River (SUR) Futures Contract
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Expiration and last trading day: The fifth business day before the beginning of the delivery period
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: USD 0,10 per metric ton
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Exercise prices shall be even numbers, expressed in USD per metric ton.
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: SUR
 
Futures Contracts CEG
Underlying asset: Soybean: Quality according to GAFTA 38, delivered free on board (FOB)
Trading unit / Contract size: 136,08 metric tons (5.000 bushels)
Quotation: US Dollars per metric ton.
Trading currency: US Dollar (USD)
Contract months:
Expiration and last trading day: This contract does not expire.
Settlement: CEG settlement is to be understood as: a) The delivery and collection of the CEG by the holder of short futures contracts and the reception and payment by the holder of long futures contracts. The CEG is settled in U.S. dollars. b) The delivery, collection, reception and payment of the CEG by the participants in a cash transaction. The CEG is considered to be cancelled when its holder requests load-out of SUR soybeans.
Minimun price fluctuation: USD 0,10 per metric ton
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader:
 
Options Contracts
Underlying asset:
Quotation:
Trading currency:
Expiration and last trading day:
Automatic exercise:
Minimun price fluctuation:
Maximun price fluctuation:
Exercise price:
Margin information:
Fees:
Ticker E-trader:
 
Futures Contracts Gold
Underlying asset: Fine Gold (Minimum Quality: Good Delivery Gold, 995.0 purity).
Trading unit / Contract size: 1 troy ounce
Quotation: USD per troy ounce.
Trading currency: US Dollar (USD)
Contract months: The twelve months of the year.
Expiration and last trading day: Last business day of the contract month for monthly positions. If the expiration date falls on a holiday in the London market, expiration shall occur on the previous business day.
Settlement: There shall be no physical delivery of gold for the contracts that remain open at the end of the last trading day. These contracts shall be settled, as the case may be, by cash delivery or receipt for an amount that covers the difference between the contract original price and the final settlement price determined by The London Gold Fixing price (pm fix) in USD of the contract’s expiration day, calculated by the London Bullion Market Association.
Minimun price fluctuation: USD 0,10 per troy ounce
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: ORO
 
Options Contracts
Underlying asset: One Gold Futures Contract
Quotation: USD per troy ounce.
Trading currency: US Dollar (USD)
Expiration and last trading day: Options shall expire and can be traded up to the expiration day of the underlying futures contract.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: USD 0,10 per troy ounce
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Expressed in U.S. Dollars per Troy Ounce
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: ORO
 
Futures Contracts WTI
Underlying asset: Light Sweet Crudo Oil
Trading unit / Contract size: 10 Barrels
Quotation: USD per Barrel
Trading currency: US Dollar (USD)
Contract months: The twelve months of the year.
Expiration and last trading day: The fourth business day prior to the twenty-fifth calendar day of the contract month. If the twenty-fifth calendar day of the month is a non-business day, trading shall cease on the fourth business day prior to the last business day preceding the twenty-fifth calendar day.
Settlement: There shall be no physical delivery of oil for the contracts that remain open at the end of the last trading day. These contracts shall be settled, as the case may be, by cash delivery or receipt for an amount that covers the difference between the contract original price and the final settlement price determined by THE  NYMEX Light Crude Oil fronth month contract, inform by Thomson Reuters (Ric: 0#CL:)
Minimun price fluctuation: USD 0,01 per barrel
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Margin information: Calculated by the scenarios system determined by the Clearinghouse. 
Fees: Ask for fee rates.
Ticker E-trader: WTI
 
Options Contracts
Underlying asset: One WTI Futures Contract
Quotation: USD per Barrel
Trading currency: US Dollar (USD)
Expiration and last trading day: Options shall expire and can be traded up to the expiration day of the underlying futures contract.
Automatic exercise: Options which are in-the-money on the last day of trading are automatically exercised
Minimun price fluctuation: USD 0,01 per barrel
Maximun price fluctuation: Established in the scenarios used to calculate guarantees.
Exercise price: Expressed in U.S. Dollars per Barrel
Margin information: Margins are periodly defined by the Clearing House.
Fees: Ask for fee rates.
Ticker E-trader: WTI