Gulf Coast ULSD (Argus) Up-Down Futures - Contract Specs
| Contract Unit | 42,000 Gallons |
|---|---|
| Price Quotation | U.S. dollars and cents per gallon |
| 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 | 0.0001 per gallon=$4.20 |
| Product Code | CME Globex: AUS CME ClearPort: US Clearing: US |
| Listed Contracts | 3 consecutive years listed yearly |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the mid-point between 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 for each business day that both are determined during the contract month. 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 shall cease on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
