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European Gasoil (100mt) Bullet Futures Contract Specs

    Please note that effective the January 2015 contract month, the floating price reference for this contract will be the ICE Low Sulphur Gasoil Futures 1st nearby contract settlement. For further details click here

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 the contract month up to and including the December 2014 contract month is the ICE Gasoil Futures 1st nearby contract settlement price that is determined during the contract month.

The Floating Price for the contract months for January 2015 and beyond is the ICE Low Sulphur Gasoil Futures 1st nearby contract settlement price that is determined during the contract month.
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.