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European Low Sulphur Gasoil (100mt) Bullet Futures Contract Specs

Contract Unit 100 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 $0.05 per metric ton
Product Code CME Globex: GLI
CME ClearPort: 7F
Clearing: 7F
TAS: 7FT
Listed Contracts Monthly contracts for the current year plus 6 years
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the settlement price for the ICE Low Sulphur Gasoil Futures 1st nearby contract that is determined on the penultimate trading day of the ICE Low Sulphur Gasoil contract.
Termination Of Trading Trading shall cease one business day prior to the expiration of the ICE Gasoil Futures contract, i.e., the third business day prior to the fourteenth (14th) calendar day of the delivery month.
Trade At Marker Or Trade At Settlement Rules Trading at settlement is available for spot (except on the last trading day), 2nd and 3rd months and subject to the existing TAS rules. Trading in all TAS products will cease daily at 2:30 PM Eastern Time. The TAS products will trade off of a "Base Price" of 0 to create a differential (plus or minus 10 ticks) versus settlement in the underlying product on a 1 to 1 basis. A trade done at the Base Price of 0 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day.
Settlement Procedures European Gasoil Futures Settlement Procedures
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 712
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing