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ICE Brent (Singapore Marker) vs. DME Oman Crude Oil Swap Futures
 
 
ICE Brent (Singapore Marker) vs. DME Oman Crude Oil Swap Futures
Product Symbol BSG
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 (A) The Floating Price for each contract month is the arithmetic average of the Brent Crude Oil Futures first nearby contract marker price using the one minute Singapore marker price minus the arithmetic average of the DME Oman Crude Oil Futures first nearby contract settlement price calculated as of 16:30 (Singapore time) each business day during the contract month (using non-common pricing), except as noted in (B) below.

(B) The marker price of the first nearby contract month will be used except on the last day of trading for the expiring Brent Crude Oil Futures contract when the one minute Singapore marker price of the second nearby Brent Futures contract will be used.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts CME ClearPort and Open Outcry: 36 consecutive months
CME Globex: 1 month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 123
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

 

 
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