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LLS (Argus) Financial Futures Contract Specs

    Effective Sunday, 13 September 2015 for trade date Monday, 14 September 2015, and pending all relevant regulatory review periods, please be advised that NYMEX will launch LLS (Argus) Crude Oil Average Price Options.

Contract Unit 1,000 barrels
Price Quotation U.S. Dollars and Cents per barrel
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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. New York time/ET (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)
Minimum Price Fluctuation $0.01 per barrel
Product Code CME Globex: AXA
CME ClearPort: XA
Clearing: XA
Listed Contracts current year + the next 5 years
Settlement Method Financially Settled
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.
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 838
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing