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Heating Oil BALMO Futures
 
 
Starting April 29, 2012, and pending CFTC review, the Exchange is amending Heating Oil (HO) contract grade and quality specifications beginning with the May-2013 contract month to meet those of the Colonial Pipeline’s Fungible Grade 61 for Ultra Low Sulfur Diesel (ULSD). The specification changes in HO are applicable to the April-2013 1G contract month and beyond. See amendments to rulebook Chapter 150.
Heating Oil BALMO Futures
Product Symbol CME Globex: A1G
CME ClearPort: 1G
Open Outcry: 1G
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) Trade is Flow per day.
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) Trade is Flow per day or Flow per month.
Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. 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 balance-of-month arithmetic average of the NYMEX Heating Oil Futures first nearby contract month settlement price for each business day that the Floating Price is determined during the contract month, starting from the selected start date through the end of the contract month.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts CME ClearPort and Open Outcry: One month and the following month for 10 business days prior to the start of the contract month
CME Globex: 1 month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 328
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
 
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