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Jet Aviation Fuel Cargoes FOB MED (Platts) vs. Gasoil Futures
 
 
Jet Aviation Fuel Cargoes FOB MED (Platts) vs. Gasoil Futures
Product Symbol CME Globex: A1V
CME ClearPort: 1V
Open Outcry: 1V
Product Symbol  
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 1,000 metric tons
Price Quotation U.S. dollars and cents per metric ton
Minimum Fluctuation $0.001 per metric ton
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point between the high and low quotations from the Platts European Marketscan for Jet Aviation Fuel under the heading "Cargoes FOB Med Basis Italy" minus the first line Gasoil (ICE) Futures settlement price for each business day during the contract month (using Non-common pricing), except as noted in (B) below.

(B) The settlement prices of the first nearby contract month will be used except on the last day of trading for the expiring Gasoil Futures contract when the settlement prices of the second nearby Gasoil contract will be used.
Termination of Trading Trading ceases on the last business day of the contract month.
Listed Contracts CME ClearPort and Open Outcry: 36 consecutive months
CME Globex: 1 consecutive month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 417
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
 
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