Examples of Block Trades in a sentence
Block Trades and Permitted Package Transactions may also be transacted in this manner in accordance with Rules 411(d) and 411.A, respectively.
For purposes of this Rule, Block Trades are defined as large transactions that are privately negotiated off the Exchange’s Electronic Trading System and can only be entered into by Eligible Contract Participants, as defined in Section 1a(18) of the Commodity Exchange Act.
Block Trades in NYMEX and COMEX Products Block trades may be entered in CME Direct or CME ClearPort from 5:00 p.m. CT/6:00 p.m. Eastern Time (“ET”) through 4:00 p.m. CT/5:00 p.m. ET each business day.
For information on submitting Block Trades through CME Direct, please contact CME Direct Support at CMEDirectSupport@cmegroup.com.
For clarity, nothing in this Section 3.2 prohibits a single Contracting Party from entering into one or more Block Trade(s) at the same price with one or more Contracting Parties, such price being determined by a method as the Contracting Parties shall agree.