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ICE Futures U.S.

Metric Arabica Coffee Options

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Description

ICE Futures U.S. Metric Coffee is the benchmark contract for Arabica coffee. As it is the world's leading coffee contract, the coffee industry looks to the Metric Coffee contract each day to price Arabica.

Market Specifications

Trading Screen Product Name
Coffee "C" Metric Futures
Trading Screen Hub Name
NYCC
Contract Symbol
AC
Contract Size
One Metric Coffee Futures contract (10 Metric Tons)
Price Quotation
U.S. Dollars per Metric Ton, in whole Dollar increments.
Minimum Price Fluctuation
$1.00 per Metric Ton, equal to $10 per contract.
Contract Series
Regular Options: March, May, July, September and December

Serial Options: January, February, April, June, August, October and November.
For a serial option, the underlying future is the next regular futures contract month
Exercise Procedure
American style
Daily Price Limit
None
Strike Price Intervals
Strike increment is $25 per ton.
First Trading Day (Regular Options)
Business day following the day on which the underlying futures trade is listed.
First Trading Day (Serial Options)
First business day of the third calendar month preceding the serial option month.
Last Trading Day
Second Friday of the calendar month preceding such regular or serial option month; provided, however, that for each option, there will be a minimum of four trading days between the last trading day of the expiring option and the first notice day of the expiring future.
Expiration Date
17:00 Eastern time on the last trading day.

Automatic exercise at one tick or more in-the-money at expiration on last trading day.
Position Limit
Position Limit and Position Accountability information for all IFUS products can be found here.
MIC Code
IFUS
Clearing Venues
ICUS

Trading Hours

CityTradingPre-Open
New York4:15 AM - 1:30 PM
04:15 - 13:30
8:00 PM
20:00
London9:15 AM - 6:30 PM
09:15 - 18:30
1:00 AM
01:00
Singapore4:15 PM - 1:30 AM
16:15 - 01:30
8:00 AM
08:00

Preopen at 8:00 PM ET (prior day)

Codes

Clearing Admin Name
O-Metric Coffee
Physical
AC
Logical
AC
GMI (FC)
ION A.C.N.
Symbol Code
AC