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NY ULSD (Argus) vs. NY Harbor ULSD BALMO Futures Contract Specs

Product Symbol CME Globex: ULB
CME ClearPort: ULB
Open Outcry: ULB
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 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 balance-of-month arithmetic average of the mid-point between the high and low quotations from Argus Media for New York ULSD (barge) minus the NY Harbor ULSD Futures first nearby contract month settlement price for each business day that both are determined during the contract month starting from the selected start date through the end of the month.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts One month and the following month for 10 business days prior to the start of the contract month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1052
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.