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Brent 25-Day (Platts) Options
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Type
 
Brent 25-Day (Platts) Options
Product Symbol BDO
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 ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m ET (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
Last Trading Day 3 business days before the expiration of the underlying futures. (Defined as: For the February-2012 contract month only, trading shall cease on Friday, January 6, 2012, in line with the change in Platts cash Brent assessment methodology from 21-days to 25-days forward. Effective from March-2012 through February-2015 contract months, trading shall cease on: (i) Either the business day preceding the 25th calendar day prior to the first day of the contract month, if such 25th calendar day is a banking day in London, or (ii) If such 25th calendar day is not a banking day in London, trading shall cease on the second business day preceding the 25th calendar day prior to the first day of the contract month. Effective starting with March-2015 contract month and beyond, trading shall cease on the last business day of the second month preceding the contract month, except for the business day preceding New Year's Day, then trading shall cease on the second business day preceding New Year's Day.)
Floating Price Previous day's settlement price for underlying contract rounded off the nearest strike increment unless the settlement price is precisely midway between two stike increments in wich case it shall be rounded off to the lower one.
Listed Contracts The current year plus the next 5 years, and the June and Dec contracts for the next 3 years.
Settlement Type Physical
Position Limits NYMEX Position Limits
Rulebook Chapter 1176
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.