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LLS (Argus) Trade Month Swap Futures
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LLS (Argus) Trade Month Swap Futures
Product Symbol LI
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 $0.01 per barrel
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the LLS (1st month) price from Argus Media for each business day that it is determined during the contract month beginning with the first business day after the 25th calendar day of the previous month through the last business day that falls on or before the 25th calendar day of the contract month.
Termination of Trading Trading shall cease one business day prior to the last business day that falls on or before the 25th calendar day of the contract month.
Listed Contracts 36 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 839
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.