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ULSD 10ppm (Platts) Cargoes CIF NWE vs. ICE Gasoil BALMO Swap Futures
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ULSD 10ppm (Platts) Cargoes CIF NWE vs. ICE Gasoil BALMO Swap Futures
Product Symbol 3V
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 metric tons
Price Quotation U.S. dollars and cents per metric ton
Minimum Fluctuation $0.001 per metric ton
Floating Price (A) The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point between the high and low quotations from the Platts European Marketscan for Gasoil 10ppm under the heading "Cargoes CIF NWE Basis ARA" minus the first line Gasoil (ICE) Futures settlement price for each business day during the contract month (using Non-common pricing), starting from the selected start date through the end of the contract month, inclusive, except as noted in (B) below.

(B) The settlement prices of the 1st nearby contract month will be used except on the last day of trading for the expiring Gasoil Futures contract when the settlement prices of the 2nd nearby Gasoil contract will be used.
Termination of Trading Trading ceases on the last business day of the contract month.
Listed Contracts Two (2) consecutive months.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 477
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.