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Render US Dollar Spot

TermValue
Product NameRender US Dollar Spot
Product CodeRENDERUSD
Contract Size0.00001 RENDER (Render)
Price QuotationUS Dollars per RENDER
Tick Size$0.001 per RENDER
Tick Value$0.00000001 per contract
Price Band Variation+/- 2% of the BBO midpoint
Price Limit+/- 50% from previous session price
Position LimitLong 15,000,000,000 contracts (150000 RENDER) / Short 9,800,000,000 contracts (98000 RENDER)
Reportable Position Level4,900,000,000 contracts (49000 RENDER)
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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