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ICE Futures Europe

Platinum Daily Futures

Description

A physically settled daily futures contract for platinum delivered loco London in unallocated vault accounts.

Market Specifications

Trading Screen Product Name
Platinum Daily Futures
Trading Screen Hub Name
ICEU
Contract Symbol
XPT
Contract Size
50 troy ounces
Price Quotation
US Dollars and Dollar cent per fine troy ounce
Eligible Contract Dates
London Business Days on which commercial banks are generally open for business.
Minimum Price Fluctuation
Ten cents ($0.1) per fine troy ounce ($5.00 per contract), except that Block and EFRP trades may be executed at $0.0001 per fine troy ounce ($0.005 per contract).
Settlement
Physical Delivery
Delivery Locations
Vaults in London recognised by the LPPM which provide vaulting services for platinum.
Grade/Standards/Quality
Platinum meeting the specification standards published jointly by the LBMA and the LPPM for platinum bars (LPPM Good Delivery, minimum 99.95% fineness) that are acceptable in settlement of unallocated loco London platinum transactions, as revised from time to time.
Listing Cycle
Up to 70 Eligible Contract Dates, or as determined by the Exchange
Last Trading Day
The London Business Day prior to the Contract Date; trading in the expiring Contract Date ends at noon London time on LTD.
First Notice Day
The London Business Day prior to the Contract Date.
Off Exchange Trade Types
EFP, EFS and Block Trades permitted
Block Trade Minimum
1 Lot
Daily Settlement
As determined by the Exchange
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
NEW YORK
8:00 PM - 6:00 PM*
20:00 - 18:00
7:30 PM
19:30
LONDON
1:00 AM - 11:00 PM
01:00 - 23:00
12:30 AM
00:30
SINGAPORE
8:00 AM - 6:00 AM*
08:00 - 06:00
7:30 AM
07:30

*Next Day

Sunday only, 6pm open and 5:30 pm pre-open

Codes

Clearing Admin Name
Metals Plat UK
Physical
XPT
Logical
XPT
GMI (FC)
ION A.C.N.
Symbol Code
XPT