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East-West Fuel Oil Spread (Platts) Swap Futures
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East-West Fuel Oil Spread (Platts) Swap Futures
Product Symbol EW
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 metric tons
Price Quotation U.S. dollars and cents per metric ton
Minimum Fluctuation $0.001 per metric ton
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore 180cst Residual Fuel (Waterborne Cargo) price minus the arithmetic average of the high and low quotations from the Platts European Marketscan for 3.5% Fuel Oil under the heading "Barges FOB Rotterdam" for each business day during the contract month (using Non-common pricing).
Termination of Trading Trading ceases on the last business day of the contract month.
Listed Contracts The current year and the next two years. A new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 666
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.