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Heating Oil Last Day Financial Futures
 
 
Starting April 29, 2012, 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 May-2013 23 contract month and beyond. See amendments to rulebook Chapter 150.
Heating Oil Last Day Financial Futures
Product Symbol 23
Venue CME Globex, CME ClearPort and 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 is equal to the NYMEX New York Harbor Heating Oil Futures first nearby contract settlement price on the last trading day for the contract month.
Termination of Trading Trading in a current contract month shall cease on the last business day of the month preceding the contract month.
Listed Contracts CME ClearPort and Open Outcry: Current Year + 3 Years<
CME Globex: 1 month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 829
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
 
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