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Pudgy Penguins US Dollar Spot

TermValue
Product NamePudgy Penguins US Dollar Spot
Product CodePENGUUSD
Contract Size0.00001 PENGU (Pudgy Penguins)
Price QuotationUS Dollars per PENGU
Tick Size$0.000001 per PENGU
Tick Value$0.00000000001 per contract
Price Band Variation+/- 2% of the BBO midpoint
Price Limit+/- 50% from previous session price
Position LimitLong 3,000,000,000,000 contracts (30000000 PENGU) / Short 2,600,000,000,000 contracts (26000000 PENGU)
Reportable Position Level1,300,000,000,000 contracts (13000000 PENGU)
Market Hours24 hours per day, 7 days per week, subject to Rule 501
Contract Listing & TerminationRule 502 & Rule 514
Settlement MethodDeliverable - Rule 813 & Chapter 11; positions below the De Minimis Delivery Threshold are Cash Settled
De Minimis Delivery Threshold$0.50
Settlement PriceRule 509 & Chapter 11
Accepted Order TypesLimit, Market, Stop Loss, Stop Loss Limit, Take Profit, Take Profit Limit, Trailing Stop, Trailing Stop Limit, Iceberg

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