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Often considered more precious than gold, platinum is a rare and fascinating metal. Its resistance to most corrosive elements has made it an ideal choice for several industrial (as well as decorative) applications, but its apparent rarity of occurrence in the Earth's crust has also made it a volatile market. The following contract specifications refer to the NYMEX contract.

Contract Size: 50 troy ounces.

Price Quote & Tick Size: US Dollars and cents per ounce; minimum tick size is ten cents per ounce or $5.00 per contract.

Contract Months: March, May, July, September, December.

Trading Specs: Open outcry trading is conducted from 8:20 AM to 1:05 PM ET. Electronic trading is conducted from 6:00 PM until 5:15 PM via the CME Globex© trading platform, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date).

Daily Price Limit: As of date of initial publishing, there were no daily limits; however, it is wise to consult the exchange.