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Mars (Argus) Calendar Swap Futures
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Mars (Argus) Calendar Swap Futures
Product Symbol MX
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 Mars (1st month) midpoint 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 The current year and the next five (5) consecutive calendar years. At the expiration of the December contract month, a new, full year shall be added.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 846
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.