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Mont Belvieu LDH Propane (OPIS) BALMO Futures Contract Specs

Product Symbol CME Globex: A8O
CME ClearPort: 8O
Open Outcry: 8O
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) Trade is Flow per day.
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
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the OPIS Mt. Belvieu LDH Propane price for each business day during the contract month, from the selected start date through the end of the month.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts Every day for 2 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 296
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.