Gulf Coast Unl 87 Gasoline M2 (Platts) Crack Spread
Futures
Gulf Coast Unl 87 Gasoline M2 (Platts) Crack Spread Futures - Contract Specs
| Contract Unit | 1,000 barrels |
|---|---|
| Price Quotation | U.S. dollars and cents per barrel |
| Trading Hours | CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) |
| Minimum Price Fluctuation | $0.001 per barrel |
| Product Code | CME Globex: GCC CME ClearPort: GCC Clearing: GCC |
| Listed Contracts | 36 Consecutive months |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from Platts Oilgram Price Report for U.S. Gulf Coast Unl 87 gasoline (Colonial M grade: lowest RVP posted except M1 and M0) pipeline assessment minus the Light Sweet Crude Oil Futures first nearby contract month settlement price for each business day that both are determined during the contract month. For purposes of determining the Floating Price, the gasoline price will be converted each day to U.S. dollars and cents per barrel, rounded to the nearest 0.1 cent. |
| Termination of Trading | Trading shall cease on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
