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New York Harbor 1.0% Fuel Oil (Platts) BALMO Futures
 
 
New York Harbor 1.0% Fuel Oil (Platts) BALMO Futures
Product Symbol CME Globex: AVK
CME ClearPort: VK
Open Outcry: VK
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 barrels
Price Quotation U.S. dollars and cents per gallon.
Minimum Fluctuation $0.001 per barrel
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point of the high and low quotations from Platts Oilgram Price Report for New York No. 6 1%S Max Fuel Oil (Waterborne Cargo) starting from the selected start date through the end of the contract month, inclusive.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts CME ClearPort and Open Outcry: One month and the following month for 10 business days prior to the start of the contract month.
CME Globex: 1 consecutive month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 502
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
 
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