ICE IRON ORE 62% FE (PLATTS IODEX)

A monthly cash settled Iron Ore future based on the Platts IODEX 62% Fe daily index.
IRON ORE 62% FE (PLATTS IODEX) Futures	IRON ORE 62% FE (PLATTS IODEX) Futures 	IRON ORE 62% FE (PLATTS IODEX) Futures 	IRON ORE 62% FE (PLATTS IODEX) Futures
Trading Screen Product Name 	Iron Ore 62% Fe Futures (Platts IODEX) 	Iron Ore 62% Fe Futures (Platts IODEX) 	Iron Ore 62% Fe Futures (Platts IODEX)
Trading Screen Hub Name 	CFR North China 	CFR North China 	CFR North China
Contract Symbol 	IOR 	IOR 	IOR
Unit of Trading 	Any multiple of 1,000 dry metric tonnes 	Any multiple of 1,000 dry metric tonnes 	Any multiple of 1,000 dry metric tonnes
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Trading Price 	One cent ($ 0.01) per dry metric tonne 	One cent ($ 0.01) per dry metric tonne 	One cent ($ 0.01) per dry metric tonne
Settlement Price 	One tenth of one cent ($0.001) per dry metric tonne 	One tenth of one cent ($0.001) per dry metric tonne 	One tenth of one cent ($0.001) per dry metric tonne
Minimum Price Fluctuation 	One tenth of one cent ($0.001) per dry metric tonne 	One tenth of one cent ($0.001) per dry metric tonne 	One tenth of one cent ($0.001) per dry metric tonne
Last Trading Day 	Last Trading Day of the contract month 	Last Trading Day of the contract month 	Last Trading Day of the contract month
Floating Price 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement 	In respect of final settlement, the Floating Price will be a price in USD and cents per dry metric tonne based on the average of the relevant High/Low daily quotations published by Platts within their real-time data service “Platts Metal Alert” (PMA) under the heading ”IODEX: 62% Fe CFR North China"" subheading ""IODEX 62% Fe"" for each business day during the determination period.
If a Singapore public holiday should fall on what would otherwise be the final monthly publication day, the final day's quotation will be published on PMA on the last business day immediately prior to the holiday at 20.00 Singapore time (12.00 GMT).
Final Settlement Time: The final published price by Platts will be made available from 20.00 Singapore time (12:00 GMT) on the last business day of the calendar month. If a Singapore public holiday should fall on what would otherwise be a business day, the publication of the final quotation will be published on PMA on the last business day immediately prior to the Singapore holiday at 20.00 Singapore time (12.00 GMT).	In respect of final settlement, the Floating Price will be a price in USD and cents per dry metric tonne based on the average of the relevant High/Low daily quotations published by Platts within their real-time data service “Platts Metal Alert” (PMA) under the heading ”IODEX: 62% Fe CFR North China"" subheading ""IODEX 62% Fe"" for each business day during the determination period.
If a Singapore public holiday should fall on what would otherwise be the final monthly publication day, the final day's quotation will be published on PMA on the last business day immediately prior to the holiday at 20.00 Singapore time (12.00 GMT).
Final Settlement Time: The final published price by Platts will be made available from 20.00 Singapore time (12:00 GMT) on the last business day of the calendar month. If a Singapore public holiday should fall on what would otherwise be a business day, the publication of the final quotation will be published on PMA on the last business day immediately prior to the Singapore holiday at 20.00 Singapore time (12.00 GMT).	In respect of final settlement, the Floating Price will be a price in USD and cents per dry metric tonne based on the average of the relevant High/Low daily quotations published by Platts within their real-time data service “Platts Metal Alert” (PMA) under the heading ”IODEX: 62% Fe CFR North China"" subheading ""IODEX 62% Fe"" for each business day during the determination period.
If a Singapore public holiday should fall on what would otherwise be the final monthly publication day, the final day's quotation will be published on PMA on the last business day immediately prior to the holiday at 20.00 Singapore time (12.00 GMT).
Final Settlement Time: The final published price by Platts will be made available from 20.00 Singapore time (12:00 GMT) on the last business day of the calendar month. If a Singapore public holiday should fall on what would otherwise be a business day, the publication of the final quotation will be published on PMA on the last business day immediately prior to the Singapore holiday at 20.00 Singapore time (12.00 GMT).
Contract Series 	Up to 48 consecutive months 	Up to 48 consecutive months 	Up to 48 consecutive months
Final Payment Date 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day
Business Days 	Singapore business days 	Singapore business days 	Singapore business days
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:50 PM - 6:00 PM
19:50 - 18:00 	7:40 PM
19:40
Trading Hours 	LONDON 	12:50 AM - 11:00 PM
00:50 - 23:00 	12:40 AM
00:40
Trading Hours 	SINGAPORE 	8:50 AM - 7:00 AM
08:50 - 07:00 	8:40 AM
08:40
Codes 	Clearing Admin Name 	Metals Ferrous 	Metals Ferrous
Codes 	Physical 	IOR 	IOR
Codes 	Logical 	IOR 	IOR
Codes 	GMI (FC) 	@6 	@6
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
ICE IRON ORE 62% FE (PLATTS IODEX) Product Spec
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