The ZW futures market is based upon the price of 5000 bushels of wheat, and is traded at the CBOT (Chicago Board of Trade) in the US. The ZW futures market is traded on the ECBOT electronic trading system from 6:30 PM to 6:00 AM, and from 9:30 AM to 1:15 PM Central Time. The ZW futures market has a daily trading volume of approximately 25000 contracts, and a daily price range of approximately 14 points (56 ticks).
Contract Specifications
The full contract specifications for the ZW futures market are as follows :
- Symbol (IB / Sierra Chart Format) : ZW
- Expiration date (as of June 2007) : July 13 2007
- Exchange : ECBOT
- Currency : USD
- Multiplier / Contract value : $5,000
- Price quote size : 0.0025
- Tick size / Minimum price change : 0.25
- Tick value / Minimum price value : $12.50
Holidays
In 2007, the ZW 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 15
- February 19
- April 06
- May 28
- July 04
- September 03
- November 21 (Close at 12:00 PM Central Time)
- November 22
- November 23 (Close at 12:00 PM Central Time)
- December 24 (Close at 12:00 PM Central Time)
- December 25
- December 31 (Close at 12:00 PM Central Time)
