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Argus WTI Formula Basis Calendar Month Swap Futures
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Argus WTI Formula Basis Calendar Month Swap Futures
Product Symbol 39
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 1,000 barrels
Price Quotation U.S. Dollars and Cents per barrel
Minimum Fluctuation $0.01 per barrel
Floating Price  The Floating Price for each contact month is equal to the arithmetic average of the Argus Sour Crude Index ("ASCI") (1st month) outright price from Argus Media for each business day that it is determined during the contract month.
Termination of Trading Trading shall cease at the close of trading on the last business day of the contract month.
Listed Contracts 36 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 225
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.