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LLS (Argus) Financial Futures Contract Specs

Product Symbol CME Globex: AXA
CME ClearPort: XA
Open Outcry: XA
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 $0.01 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.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts current year + the next 5 years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 838
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.