Commodities - contract specifications

Contract Specifications

Find important information regarding contract specifications for commodities, including expiration times, trading hours, underlying markets and more.

Please ensure that you understand the relevant contract specifications before trading. If you need any clarification, please contact Nadex and our trading support team can advise you further.

All times below are in Eastern (EST) and trading hours are subject to holidays. You can also see the rollover schedule for the futures underlying markets comprising Nadex’s contracts.

Event contracts

Our metals contracts are based on the underlying COMEX/NYMEX® Futures:

Nadex product	Underlying market	Lead months
GOLD	COMEX/NYMEX® Gold Futures	Feb., April, June, Aug., Dec.
SILVER	COMEX/NYMEX® Silver Futures	March, May, July, Sept., Dec.

Gold

Position limit: 250,000

Duration	Expiration	Strike width	No. of contracts	Trading hours
Intraday	Mon-Fri: 10am, 11am, 12pm, 1pm	3	9	For 2 hours preceding expiration
Daily	Mon-Fri, 1:30pm	3	21	Sun-Fri, 6pm-1:30pm

Silver

Position limit: 250,000

Duration	Expiration	Strike width	No. of contracts	Trading hours
Intraday	Mon-Fri: 10am, 11am, 12pm, 1pm	0.06	9	For 2 hours preceding expiration
Daily	Mon-Fri, 1:25pm	0.05	15	Sun-Fri, 6pm-1:25pm

Our energies contracts are based on NYMEX® Futures:

Nadex product	Underlying market	Lead months
CRUDE OIL	NYMEX® Crude Oil Futures	Every calendar month

Crude oil

Position limit: 250,000

Duration	Expiration	Strike width	No. of contracts	Trading hours
Intraday	Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm	0.2	9	For 2 hours preceding expiration
Daily	Mon-Fri, 2:30pm	0.4	23	Sun-Fri, 6pm-2:30pm

Pursuant to Nadex Rule 12.1(e), in instances where a duplicate strike width would be generated under the applicable product rule, the strike width for that contract will be adjusted by the pre-determined levels described in this table.