Gulf Coast ULSD (Argus) Up-Down BALMO Futures - Contract Specs
| Contract Unit | 42,000 gallons |
|---|---|
| Price Quotation | U.S. dollars and cents per gallon |
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) |
| Minimum Price Fluctuation | 0.0001 per gallon = $4.20 |
| Product Code | CME Globex: GUD CME ClearPort: GUD Clearing: GUD |
| Listed Contracts | Monthly BALMO contracts listed for the current month and the following month listed 10 business days prior to the start of the contract month |
| 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 of the high and low quotations from Argus Media for Gulf Coast ULSD (Pipeline) minus the NY Harbor ULSD Futures first nearby contract month settlement price starting from the selected start date through the end of the contract month, inclusively (using common pricing). For purposes of determining the Floating Price, the Argus Media ULSD mean will be rounded each day to the nearest thousandth of a cent. |
| Termination of Trading | Trading terminates on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
