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Brent CFD (Platts) vs. Brent Third Month (Platts) Swap Futures
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Brent CFD (Platts) vs. Brent Third Month (Platts) Swap Futures
Product Symbol 59
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 $0.001 per barrel
Floating Price The Floating Price for each Brent Contract for Differences (CFD) contract is the daily mid-point between the high and low quotations from the Platts Crude Oil Marketwire for the CFD assessment which is based on Dated Brent minus the third month Brent (also referred to BFOE) cash price for each business day that both prices are determined during the contract month.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts 4 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 316
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.