30 Day Federal Funds Futures (FF) Futures Settlements
Monday, October 30, 2017
Individual and continuous (last, first, open interest) contracts
30 Day Federal Funds Futures (FF) Information
$20.835 per 1/2 of one basis point (1/2 of 1/100 of one percent of $5 million on a 30-day basis rounded up to the nearest cent).
100 minus the average daily fed funds overnight rate for the delivery month (e.g. a 7.25 percent rate equals 92.75)
First 24 calendar months
Last Trading Day
Last business day of the delivery month. Trading in expiring contracts closes at 2:00 pm, Chicago time on the last trading day.
The contract is cash settled against the average daily fed funds overnight rate, rounded to the nearest one-tenth of one basis point, for the delivery month. The daily fed funds overnight rate is calculated and reported by the Federal Reserve Bank of New York.
Open Auction: 7:20 am - 2:00 pm, Central Time, Monday - Friday
Electronic: 6:01 pm - 4:00 pm, Central Time, Sunday - Friday
Open Auction: FF