Asset Class Navigation

Gulf Coast Unl 87 Gasoline M1 (Platts) vs. RBOB Gasoline Futures Contract Specs

Code RV
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. New York time/ET (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 Coast Unl 87 gasoline pipeline mean minus the NYMEX New York Harbor RBOB Futures first nearby contract month settlement price for each business day that both are determined during the contract month.
Listed Contracts 4 consecutive years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 557
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.