QUOTE AND NEWS
Mondo Visione  Jun 19  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) announced today that a federal court in New York, New York, entered a Consent Order against Defendant Joseph F. Welsh III of Northport, New York, resolving CFTC charges that Welsh attempted...
Mondo Visione  Sep 11  Comment 
Open interest for the Platinum futures standard contract reached 100,277 lots at TOCOM today. It is the first time since January 8, 2008 that the open interest goes beyond 100,000 contracts. (It was 101,042 contracts that day.)
Forbes  Oct 28  Comment 
(Kitco News) - As of early October, speculators shed bullish gold and platinum futures and options contracts traded on the Comex division of the New York Mercantile Exchange, according to U.S. government data released Friday.
Wall Street Journal  Aug 17  Comment 
Platinum futures rose 1.9% as investors sifted through reports of deadly violence at a mine in South Africa, while gold prices were slightly lower.
FX Street  Mar 20  Comment 
Platinum futures began the week moving quietly higher with the price of gold. The mild strength is... For more information, read our latest forex news and reports.
FX Street  Mar 16  Comment 
A modest recovery in the precious metals gave platinum futures a boost in Thursday’s trading... For more information, read our latest forex news and reports.




 
TOP CONTRIBUTORS


Platinum futures are traded on the New York Mercantile Exchange under ticker symbol PL in U.S. dollars and cents per troy ounce.[1]

The chart at left shows front-month Platinum futures prices on the New York Mercantile Exchange (NYMEX) in dollars per troy ounce.

Delivery Dates

Platinum futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]

The following is a table with Platinum futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2010PLF9PL/F9-NM
February, 2009PLG9PL/G9-NM
March, 2009PLH9PL/H9-NM
April, 2009PLJ9PL/J9-NM
May, 2009PLK9PL/K9-NM
June, 2009PLM9PL/M9-NM
July, 2009PLN9PL/N9-NM
August, 2009PLQ9PL/Q9-NM
September, 2009PLU9PL/U9-NM
October, 2009PLV9PL/V9-NM
November, 2009PLX9PL/X9-NM
December, 2009PLZ9PL/Z9-NM

Contract Specifications

Contract Size

One Platinum futures contract on the New York Mercantile Exchange is 50 troy ounces.[1]

Tick Value

$0.10 (10¢) per troy ounce ($5.00 per contract).[1]

Daily Price Limit

None.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM until 5:15 PM Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date), New York Time.[1]
  • Open Outcry (pit session): 8:20 AM to 1:05 PM, New York Time.[1]

Last Trading Day

Trading terminates at the close of business on the third business day prior to the end of the delivery month.[1]

Deliverable Grades

In fulfillment of each contract, the seller must deliver 50 troy ounces (±7%) of platinum not less than .9995 fineness, with no single piece weighing less than 10 ounces. Each contract unit may consist of ingots or plates, each incised with the lot or bar number, weight, grade, name, or logo of the assayer, and symbol identifying the metal.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 The New York Mercantile Exchange's contract specification for Platinum futures
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki