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Dated Brent (Platts) Daily Futures Contract Specs

Product Symbol CME Globex: A7G
CME ClearPort: 7G
Open Outcry: 7G
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 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 Dated Brent (Platts) Daily Swap Futures contract is the daily mid-point between the high and low quotations from the Platts Crude Oil Marketwire for the Dated Brent assessment for each business day that it is determined during the contract month.
Termination of Trading Trading shall cease at the close of the business day of the daily contract.
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: 3 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 714
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.