Trading and settlement

All Futures contracts trade continuously (except for system maintenance), commence trading at 16:00 London time on Fridays*, mature at 16:00 London time on Fridays* and settle around 90 seconds afterward based on the reference rate computed from our indices.

 

  Weekly Contracts Month Contracts Quarterly Contracts
Trading Hours Continuously from 00:01 to 24:00 UTC on every day of the year, except for system maintenance
First Trading Day Each Friday* for which no contract expiring the following Friday* already exists. Each Friday* for which a contract expiring the following Friday* exists already AND no contract expiring the last Friday* of the following month already exists. Each Friday* for which a contract expiring the following Friday* exists AND a contract expiring the last Friday* of the following month exists.
First Trading Time At 16:00 London time on the First Trading Day
Last Trading Day/ Final Settlement Day Every Friday* Last Friday* of the month Last Friday* of a month in the March quarterly cycle (March, June, September, December)
Last Trading Time At 16:00 London time on the Last Trading Day
Settlement Time Within 90 seconds after the Last Trading Time
Settlement Price Bitcoin Dollar Futures: CME CF Bitcoin Reference Rate printed for the 16:00 London time Ether Dollar Futures: CME CF Ether Dollar Reference Rate printed for the 16:00 London time

Litecoin Dollar Futures: CF LTC Dollar Settlement Price at 16:00 London time

XRP Dollar Futures: CF XRP Dollar Settlement Price at 16:00 London time

BCH Dollar Futures: CF BCH Dollar Settlement Price at 16:00 London time

XRP Bitcoin Futures: CF XRP Bitcoin Settlement Price at 16:00 London time

* If a Friday is not a business day in both the UK and the US, then the preceding day that is a business day in both the UK and the US.

In other words: the Friday must be a business day in both the UK and the US for settlement to occur, otherwise it happens on day before that is business day in both UK and US.