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Mini European Jet Kero Cargoes CIF NWE (Platts) vs. Gasoil Futures
 
 
Mini European Jet Kero Cargoes CIF NWE (Platts) vs. Gasoil Futures
Product Symbol CME Globex: MJC
CME ClearPort: MJC
Open Outcry: MJC
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 100 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 high and low quotations from the Platts European Marketscan for Jet Kerosene under the heading “Cargoes CIF NWE Basis ARA” 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 (A) below.

(A) The settlement prices of the 1st nearby contract month will be used except on the last day of trading for the expiring ICE Gasoil Futures contract when the settlement prices of the 2nd nearby contract will be used.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts CME ClearPort and Open Outcry: 36 consecutive months
CME Globex: 12 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 232
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

 

 
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