The ZI futures market is based upon the price of 5000 ounces of fine silver, and is traded at the CBOT (Chicago Board of Trade) in the US. The ZI futures market is traded on the ECBOT electronic trading system 24 hours per day from 6:16 PM Sunday to 4:00 PM Friday Central Time. The ZI futures market has a daily trading volume of approximately 7500 contracts, and a daily price range of approximately 0.5 points (500 ticks).
Contract Specifications
The full contract specifications for the ZI futures market are as follows :
- Symbol (IB / Sierra Chart Format) : ZI
- Expiration date (as of June 2007) : July 27 2007
- Exchange : ECBOT
- Currency : USD
- Multiplier / Contract value : $5,000
- Tick size / Minimum price change : 0.001
- Tick value / Minimum price value : $5
Holidays
In 2007, the ZI futures market is open for trading every trading day (Monday to Friday), except for the following holidays, when the market is either closed, or the opening and closing times are modified :
- January 01
- January 12 (Close at 12:30 PM Central Time)
- January 15
- February 16 (Close at 12:30 PM Central Time)
- February 19
- April 05 (Close at 12:30 PM Central Time)
- April 06
- May 25 (Close at 12:30 PM Central Time)
- May 28
- July 03 (Close at 12:30 PM Central Time)
- July 04
- August 31 (Close at 12:30 PM Central Time)
- September 03
- October 05 (Close at 12:30 PM Central Time)
- November 09 (Close at 12:30 PM Central Time)
- November 21 (Close at 12:30 PM Central Time)
- November 22
- November 23 (Close at 12:30 PM Central Time)
- December 24 (Close at 12:30 PM Central Time)
- December 25
- December 31 (Close at 12:30 PM Central Time)
