CoinDesk XRP Index Futures

ICE Futures U.S.

Trading Screen Product Name: CoinDesk XRP Index Futures
Trading Screen Hub Name: ICUS
Contract Size: 50,000 times the CoinDesk XRP Benchmark Reference Rate
Contract Series: Monthly contracts listed for 6 consecutive months.
Price Quotation: US Dollar and cents to one hundredth of a cent
Tick Size: 0.0005 per XRP, equal to $25:00 per contract

Block and EFRP trades can be done at 0.0001 per Solana
Trading Hours: 8:00 pm to 6:00 pm (6:00 pm open on Sunday evening)

Preopen starts 30 minutes prior to the start of trading.
Last Trading Day: Last Friday of the expiration month.

Trading in the expiring contract ceases at 4:00 pm London time on Last Trading Day.
Contract Symbol: CDX
Daily Settlement Window: 15:59 to 16:00 NY time
Final Settlement: Cash settlement to the end of day closing value of the CoinDesk XRP Benchmark reference Rate on the Last Trading Day for the contract.
Position Accountability and Limit Levels: Spot Month Position Limit = 5,000 Contracts

Single and All-Month Position Accountability Level = 5,000 Contracts
Daily Price Limit: None
Block Trade Minimum: Block Enabled, 5 lot Block Minimum Quantity
IPL Levels: IPL Amount: 0.0750
Recalc Time: 3 Seconds;
Hold time: 5 seconds
NCR and RL: No Cancellation Range: 0.0100
Reasonability Level: 0.0500
CSLOR: 0.0075
Fees: Screen, Block and EFRP Trades: $.3.00 per side
MIC Code: IFUS
Clearing Venues: ICUS

*Next Day

8:00 pm to 6:00 pm (6:00 pm open on Sunday evening) Preopen starts 30 minutes prior to the start of trading.

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