Gasoline Eurobob Non-Oxy NWE Bargues (Argus) BALMO
Futures
Gasoline Eurobob Non-Oxy NWE Bargues (Argus) BALMO Futures - Contract Specs
| Contract Unit | 1,000 metric tons |
|---|---|
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) |
| Minimum Price Fluctuation | 0.001 per metric ton = $1.00 |
| Product Code | CME Globex: GNB CME ClearPort: GNB Clearing: GNB |
| Listed Contracts | Monthly contracts listed for 3 consecutive months.Following the termination of the front month contract, a new contract month would be added. |
| 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 the Argus Media European Products Report under the heading Northwest Europe Light Products barges for Eurobob non-oxy for each business day that it is determined during the contract month,starting from the selected date through the end of the contract month inclusive.. |
| Termination of Trading | Trading terminates on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
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