| Brent CFD (Platts) vs. Brent Front Month (Platts) Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: A1C CME ClearPort: 1C Open Outcry: 1C |
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| Venue | CME ClearPort, Open Outcry (New York) | ||||
| Hours (All Times are New York Time/ET) |
CME Globex: | 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) Trade is Flow per day. | |||
| 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 first month Brent (also referred to BFOE) cash price for each business day that both prices are determined during the contract day. | ||||
| Termination of Trading | Trading shall cease at the close of the business day of the daily contract. | ||||
| Listed Contracts | CME ClearPort and Open Outcry: | The current week and the next twelve consecutive calendar weeks. | |||
| CME Globex: | 1 consecutive month | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 319 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||