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East-West Gasoline Spread (Platts-Argus) Futures Contract Specs

Contract Unit 1,000 metric tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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)
Minimum Price Fluctuation $0.001 per metric ton
Product Code CME Globex: EWG
CME ClearPort: EWG
Open Outcry: EWG
Clearing: EWG
Listed Contracts 12 consecutive months
Settlement Method Financially Settled
Floating Price
The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from Platts Oilgram Price Report for Singapore Mogas 92 Unleaded Gasoline minus the arithmetic average of the mid-point of the high and low quotations from Argus Media for Gasoline Euro-bob Oxy NWE Barges for each business day that each assessment is determined during the contract month.

For purposes of determining the Floating Price, the Platts Oilgram Price Report for Singapore Mogas 92 Unleaded Gasoline assessment price will be converted each day to U.S. dollars and cents per metric ton, rounded to the nearest cent. The conversion factor will be 8.33 barrels per metric ton.

The Floating Price is calculated using the non-common pricing convention. In calculating the spread differential, the monthly average for each component leg of the spread shall be calculated by using all trading days in the month for each component leg of the spread, followed by the calculation of the spread differential between the two averages. 
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1235
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing