Mont Belvieu Normal Butane (OPIS) Futures - Contract Specs
Contract Unit | 42,000 gallons |
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Price Quotation | U.S. dollars and cents per gallon |
Trading Hours | CME Globex: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. - 5:00 p.m. CT CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT |
Minimum Price Fluctuation | 0.00001 per gallon = $0.42 |
Product Code | CME Globex: AD0 CME ClearPort: D0 Clearing: D0 |
Listed Contracts | Monthly contracts listed for the current year and next 4 calendar years. List monthly contrats for a new calendar year following the termination of trading in the December contract of the current year. |
Settlement Method | Financially Settled |
Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the OPIS Mt. Belvieu Butane (non-LDH) for each business day during the contract month. |
Termination of Trading | Trading terminates on the last business day of the contract month. |
Position Limits | |
Exchange Rulebook | |
Block Minimum | |
Vendor Codes |