First Trade Date Monday, June 8, 2015
Trading at Settlement (TAS) is an order type that allows a market participant to buy or sell futures contracts during the trading day equal to the yet-to-be determined settlement price, or at a price up to four ticks above or below that price.
Why TAS
- Reduce uncertainty related to pricing around settlement
- Grain elevators and processors may use TAS orders to price forward contracts at or near the settlement value
- TAS orders offer a transparent alternative to floor based MOC orders, which will no longer be available after July 2
Key Features
- Available on CME Globex for Grain, Oilseed and Livestock futures
- Available for outrights and spreads
- Quotes will be published in real time on the screen throughout the trading day
- TAS order entry is not allowed prior to the beginning of each group's pre-open state
Learn About TAS
View SER
View TAS Fact Card for contract specs, examples, and frequently asked questions
Visit cmegroup.com/agtas to access all TAS resources
Email questions or concerns to AgTAS@cmegroup.com
Coming soon... Educational video and webinars