CME is my authority on this matter. CME states on its website that the following time period is decisive:
"If the lead month contract trades on Globex between 14:59:30 and 15:00:00 Central Time (CT), the settlement period, then the lead month settles to the volume-weighted average price (VWAP) of the trade(s) during this period."
The NT seems to be based on a different concept. Can you please tell me who is the authority on which the NT relies in defending your position?
Thank you
emuns
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