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Gasoil (Euro Denominated) Financial Futures Contract Specs

Product Symbol IGE
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)
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 1,000 metric tons
Price Quotation Euros and euro cents per metric ton
Minimum Fluctuation €0.001 per metric ton
Floating Price The Floating Price for each contract month up to and including the December 2014 contract month is equal to the arithmetic average of the ICE Gasoil first nearby contract month settlement price for each business day that it is determined during the contract month, except as noted in (B) below. The Floating Price shall b e converted into Euros and Euro cents using the arithmetic average of the daily European Central Bank Euro/US Dollar foreign exchange reference rate.

The Floating Price for each contract month for January 2015 and beyond is equal to the arithmetic average of the ICE Low Sulphur Gasoil first nearby contract month settlement price for each business day that it is determined during the contract month, except as noted in (B) below. The Floating Price shall be converted into Euros and Euro cents using the arithmetic average of the daily European Central Bank Euro/US Dollar foreign exchange reference rate.

(B) The settlement prices of the 1st nearby contract month will be used except on the last day of trading for the expiring ICE Gasoil or Low Sulphur Gasoil Futures contracts when the settlement prices of the 2nd nearby ICE Gasoil or ICE Low Sulphur Gasoil Futures contracts will be used.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts Monthly contracts shall be listed for the current year plus 1 year.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1056
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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