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Mont Belvieu Physical Iso-Butane (OPIS) Futures Contract Specs

Product Symbol 3L
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 42,000 gallons
Price Quotation U.S. dollars and cents per gallon
Minimum Fluctuation $0.00001 per gallon
Termination of Trading Trading or clearing in a current delivery month shall cease on the second-to-last business day of the delivery month.
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for 36 consecutive months
Settlement Type Physical
Delivery Please see rulebook chapter 368
Delivery Period
Grade and Quality Specifications
Position Limits NYMEX Position Limits
Rulebook Chapter 368
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.