Asset Class Navigation

Gulf Coast Unl 87 (Platts) Up-Down BALMO Futures Contract Specs

Product Symbol CME Globex: A1K
CME ClearPort: 1K
Open Outcry: 1K
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) Trade is Flow per day.
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) Trade is Flow per day or Flow per month.
Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. 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 balance-of-month arithmetic average of the Platts U.S. Gulf Coast Unl 87 gasoline pipeline mean minus the NYMEX New York Harbor Gasoline Blendstock RBOB Futures first nearby contract month settlement price for each business day that both prices are determined during the contract month, starting from the selected start date through the end of the contract month.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts One month + 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 337
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.