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Heating Oil Financial Futures
 
 
Starting April 29, 2012, the Exchange is amending Heating Oil (HO) contract grade and quality specifications beginning with the May-2013 contract month to meet those of the Colonial Pipeline’s Fungible Grade 61 for Ultra Low Sulfur Diesel (ULSD). The specification changes in HO are applicable to the April-2013 MP contract month and beyond. See amendments to rulebook Chapter 150.
Heating Oil Financial Futures
Product Symbol CME Globex: MPX
Clearing: MP
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 arithmetic average of the settlement prices for NYMEX New York Harbor Heating Oil Futures first nearby contract month for each business day that it is determined during the contract month.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts Current Year + 3 Years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 603
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
 
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