| Los Angeles Jet Fuel (Platts) vs. NY Harbor ULSD Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: MQ CME ClearPort: MQ Open Outcry: MQ |
||||
| 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 | 42,000 U.S. 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 arithmetic average of the high and low quotations from Platts Oilgram Price Report for Los Angeles Jet Fuel pipeline minus the NY Harbor ULSD Futures first nearby contract month settlement price for each business day that both are determined during the contract month. For purposes of determining the Floating Price, the Platts Los Angeles Jet Fuel pipeline mean will be rounded each day to the nearest thousandth of a cent. | ||||
| Termination of Trading | Trading shall cease on the last business day of the contract month. | ||||
| Listed Contracts | CME ClearPort and Open Outcry: | Current year 2 years | |||
| CME Globex: | 12 consecutive months | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 609 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||