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Brent Crude Oil BALMO Futures Contract Specs

Product Symbol CME Globex: AJ9
CME ClearPort: J9
Open Outcry: J9
Venue CME Globex, 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)
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 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT)
Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrel
Minimum Fluctuation $0.001 per barrel
Floating Price (A) The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the ICE Brent Crude Oil Futures 1st nearby contract settlement prices, except as set forth in Section (B) below, starting from the selected start date through the end of the contract month, inclusive.

(B) The settlement price of the 1st nearby contract month will be used except on the last day of trading for the expiring Brent Crude Oil Futures contract when the settlement price of the 2nd nearby Brent Crude Oil Futures contract will be used.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts One month and the following month for 10 business days prior to the start of the contract month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 481
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.