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Gulf Coast Unl 87 vs. Gulf Coast Heating Oil Spread (Platts) Swap Futures
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Gulf Coast Unl 87 vs. Gulf Coast Heating Oil Spread (Platts) Swap Futures
Code MD
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 42,000 U.S. 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 mid-point between the high and low quotations from Platts Oilgram Price Report for U.S. Gulf Coast Unl 87 Gasoline (Pipeline) minus the mid-point between the high and low quotations from Platts Oilgram Price Report for U.S. Gulf Coast No. 2 Fuel (Pipeline) for each business day that both are determined during the contract month.
For purposes of determining the Floating Price, the Platts mean will be rounded each day to the
nearest thousandth of a cent.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts 36 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 607
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.