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East-West Fuel Oil Spread (Platts) 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)
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: FEW
CME ClearPort: EW
Clearing: EW
Listed Contracts Monthly contracts shall be listed for the current calendar year plus a further 5 consecutive calendar years. An additional 12 monthly contracts shall be added on the 1st business day of January each year.
Settlement Method Financially Settled
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.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 666
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing