Contract Specifications:MB,CBOT | Trading Unit: | $1,000 times the closing value of The Bond Buyer Municipal Bond Index. | | Tick Size: | 1/32 of a point ($31.25/contract) | | Initial Margin: | $878 Maint Margin: $650 | | Contract Months: | Mar, Jun, Sep, Dec | | Last Trading Day: | Seventh business day preceding the last business day of the delivery month. | | Trading Hours: | 7:20 a.m. - 2:00 p.m. Chicago time, Mon-Fri.
Electronic hours are 8:00 p.m. - 4:00 p.m. Chicago time, Sun.-Fri.
Trading in expiring contracts closes at 2:00 p.m. Chicago time on the last trading day. | | Daily Limit: | none | |