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Gulf Coast No. 2 (Platts) Up-Down Financial Futures Contract Specs

Product Symbol CME Globex: AUT
CME ClearPort: UT
Open Outcry: UT
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 Platts U.S. Gulf No. 2 pipeline mean ("Assessment") minus the NYMEX New York Harbor No. 2 Heating Oil Futures first nearby contract month settlement price for each business day that both are determined during the contract month. The Platts prices to be used are found in Platts media or any accepted Platts product and the timing is end of day New York. For purposes of determining the Floating Price, the Platts U.S. Gulf Coast No. 2 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 3 consecutive years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 515
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.