Asset Class Navigation

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

Product Symbol CME ClearPort: 7F
CME Globex: GLI
Venue CME Globex, CME ClearPort
Hours
(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)
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 100 metric tons
Price Quotation U.S. dollars and cents per metric ton
Minimum Fluctuation CME Globex & Open Outcry: $0.05 per metric ton
CME ClearPort: $0.05 per metric ton
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.
Listed Contracts Monthly contracts for the current year plus 6 years
Settlement Type Financial
Settlement Procedure Daily European Gasoil Futures Settlement Procedure (PDF)
Final European Gasoil Futures Settlement Procedure (PDF)
Position Limits NYMEX Position Limits
Rulebook Chapter 712
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.