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Gulf Coast ULSD (Argus) Up-Down BALMO Futures Contract Specs

Contract Unit 42,000 gallons
Price Quotation U.S. dollars and cents per gallon
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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. New York time/ET (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)
Minimum Price Fluctuation $0.0001 per gallon
Product Code CME Globex: GUD
CME ClearPort: GUD
Clearing: GUD
Listed Contracts CME Globex: 1 month 
CME ClearPort: 1 month and the following month listed ten days prior to the start of the contract month
DEFAULT 1 month and the following month listed ten days prior to the start of the contract month
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point of the high and low quotations from Argus Media for Gulf Coast ULSD (Pipeline) minus the NY Harbor ULSD Futures first nearby contract month settlement price starting from the selected start date through the end of the contract month, inclusively (using common pricing). For purposes of determining the Floating Price, the Argus Media ULSD 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.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1100
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing