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Gulf Coast CBOB Gasoline A1 (Platts) Futures Contract Specs

Product Symbol CBO
Venue CME Globex, CME ClearPort, Open Outcry (New York)
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 42,000 gallons
Price Quotation U.S. dollars and cents per gallon
Minimum Fluctuation $0.0001 per gallon
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from Platts Oilgram Price Report for U.S. Gulf Coast CBOB 87 gasoline (Colonial A grade: lowest RVP posted except A0) pipeline using the 7.8 RVP assessment in the summer for each business day that it is determined during the contract month.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: 36 consecutive calendar months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 980
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.