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Micro Brent Crude Oil Penultimate Financial Futures
 
 
Micro Brent Crude Oil Penultimate Financial Futures
Product Symbol MBZ
Venue CME Globex, CME ClearPort and 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 barrel
Price Quotation U.S. dollars and cents per barrel
Minimum Fluctuation $0.01 per barrel
Floating Price The Floating Price is equal to the ICE Brent Crude Oil 1st nearby settlement price on the penultimate trading day for the contract month.
Termination of Trading Trading shall cease one business day prior to the termination of the ICE Brent futures contract, i.e., two business days before the fifteenth calendar day prior to the first day of the delivery month, if the fifteenth calendar day is not a holiday or weekend in London. If the fifteenth calendar day is a holiday or weekend in London, trading shall end three business days prior to the last business day preceding the fifteenth calendar day.
Listed Contracts CME ClearPort and Open Outcry: Current year and next 8 consecutive calendar years
CME Globex: 1 month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1117
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

 

 
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