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European Gasoil Crack Spread Swap Futures
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European Gasoil Crack Spread Swap Futures
Product Symbol GZ
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 barrels
Price Quotation U.S. dollars and cents per barrels
Minimum Fluctuation $0.01 per barrel
Floating Price "The Floating Price for each contract month is equal to the arithmetic average of the Gasoil (ICE) first nearby contract month settlement price minus the Brent Crude Oil (ICE) first nearby contract month settlement price for each business day during the contract month (using Non-common pricing), except as noted in (B) below.

For purposes of determining the Floating Price, the gasoil price will be converted each day to U.S. dollars and cents per barrel, rounded to the nearest cent. The conversion factor will be 7.45 barrels per metric ton.

(B) The settlement prices of the 1st nearby contract month will be used except on the last day of trading for the expiring Brent Crude Oil or Gasoil Futures contracts when the settlement prices of the 2nd nearby contracts will be used."
Termination of Trading Trading ceases on the last business day of the contract month.
Listed Contracts 48 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 710
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.