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WTS (Argus) vs. WTI Spread Calendar Swap Futures
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WTS (Argus) vs. WTI Spread Calendar Swap Futures
Product Symbol FF
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 WTS (1st month) midpoint price from Argus Media minus the NYMEX Light Sweet Crude Oil Futures first nearby contract month settlement price for each business day that both are 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 856
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.