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Gulf Coast ULSD (Platts) vs. Gulf Coast Jet (Platts) Futures Contract Specs

Contract Unit 42,000 U.S. 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: VV
CME ClearPort: VV
Clearing: VV
Listed Contracts CME Globex: 1 month
CME ClearPort: 36 consecutive months
DEFAULT 36 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the midpoint of the high and low quotations for Platts U.S. Gulf Coast ULSD (pipeline) mean minus the midpoint of the high and low quotations for Platts U.S. Gulf Coast Jet/Kero 54 (pipeline) for each business day that both are determined during the contract month.
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 544
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing