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E-mini RBOB Gasoline Futures Contract Specs

Code QU
Venue CME Globex, Open Outcry (New York)
(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)
Open Outcry: Monday – Friday 9:00 AM – 2:30 PM. (8:00 AM – 1:30 PM CT)
Contract Unit 21,000 gallons
Pricing Quotation U.S. dollars and cents per gallon.
Minimum Fluctuation The minimum trading tick on Globex is $0.001 per gallon. For settlement price purposes, the contract will settle using the RBOB settlement prices, with minimum price tick of $0.0001 per gallon.
Maximum Daily Price Fluctuation Trading halts and price limits for this contract are subject to the provisions governing Special Price Fluctuation Limits for NYMEX New York Harbor Gasoline (RBOB) Futures contract set forth in Chapter 191.
Floating Price The Floating Price for each contract month will be equal to the NYMEX New York Harbor Gasoline Blendstock (RBOB) Futures contract (Symbol RB) settlement price for the corresponding contract month on the last trading day for the E-mini Gasoline Futures contract month.
Termination of Trading Trading in the current delivery month shall cease on the second-to-last business day of the month prior to the contract month.
Listed Contracts 12 consecutive months
Position Limits NYMEX Position Limits
Rulebook Chapter NYMEX Rulebook Chapter 403
Settlement Type Financial
Settlement Procedure Daily E-mini RBOB Gasoline Futures Settlement Procedure (PDF)
Final E-mini RBOB Gasoline Futures Settlement Procedure (PDF)
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.