The YM futures market is based upon the Dow Jones stock index, which is one of the primary stock indexes of CBOT (Chicago Board of Trade) in the US. The Dow Jones index is calculated using the prices of the included companies and a divisor that is published by CBOT. The YM futures market is traded on the ECBOT electronic trading system, 24 hours per day from 6:15 PM Central Time on Sunday night to 4:00 PM Central Time on Friday night. The YM futures market has a daily trading volume of approximately 75000 contracts, and a daily price range of approximately 50 points (50 ticks).
Companies
As of February 2007, the Dow Jones index includes the following 30 companies :
- 3M
- ALCOA
- Altria Group
- American Express
- American International Group
- AT&T
- Boeing
- Caterpillar
- Citigroup
- Coca-Cola
- E.I. du Pont de Nemours
- Exxon Mobil
- General Electric
- General Motors
- Hewlett-Packard
- Home Depot
- Honeywell International
- Intel
- International Business Machines
- Johnson & Johnson
- JPMorgan Chase
- McDonald's
- Merck
- Microsoft
- Pfizer
- Procter & Gamble
- United Technologies
- Verizon Communications
- Wal-Mart
- Walt Disney
Contract Specifications
The full contract specifications for the YM futures market are as follows :
- Symbol (IB / Sierra Chart Format) : YM
- Expiration date (as of February 2007) : March 16 2007
- Exchange : ECBOT
- Currency : US Dollar
- Multiplier / Contract value : $5
- Tick size / Minimum price change : 1
- Tick value / Minimum price value : $5
Holidays
In 2007, the YM futures market is open for trading every trading day (Monday to Friday), except for the following holidays :
- January 01
- January 15
- February 19
- April 06
- May 28
- July 04
- September 03
- October 08
- November 12
- November 22
- December 25
