Gasoline Eurobob Non-Oxy NWE Barges (Argus) Crack Spread BALMO
Futures
Gasoline Eurobob Non-Oxy NWE Barges (Argus) Crack Spread BALMO Futures - Contract Specs
| Contract Unit | 1,000 barrels |
|---|---|
| Price Quotation | U.S. dollars and cents per barrel |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. with a 60-minute break each day beginning at 4:00 p.m. 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 | 0.001 per barrel = $1.00 |
| Product Code | CME Globex: MCE CME ClearPort: MCE Clearing: MCE |
| Listed Contracts | Monthly BALMO contracts listed for 3 consecutive months |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point between the high and low quotations from the Argus Media for Gasoline Eurobob Non-Oxy NWE Barges minus the Brent Crude Oil (ICE) Futures contract first nearby settlement price from the selected start date through the end of the month (using Non-common pricing), except for (A) below. For purposes of determining the Floating Price, the Argus Media gasoline assessment price will be converted each day to U.S. dollars and cents per barrel, rounded to the nearest cent. The conversion factor will be 8.33 barrels per metric ton. (A) The settlement prices of the 1st nearby contract month will be used except on the last day of trading for the expiring Brent Crude Oil Futures contract when the settlement prices of the 2nd nearby contract will be used. |
| Termination of Trading | Trading terminates on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
