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RME Biodiesel FOB Rdam (Argus) vs. Gasoil Futures
 
 
RME Biodiesel FOB Rdam (Argus) vs. Gasoil Futures
Product Symbol CME Globex: AKE
CME ClearPort: KE
Open Outcry: KE
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 100 metric tons
Price Quotation US Dollars per metric ton
Minimum Fluctuation US$0.001 per metric ton
Floating Price The Floating Price for each contract month is equal to the RME Price as defined in (A) below minus the Gasoil Price as defined in (B) below. (A) The RME Price is the arithmetic average of the mid-point of the bid and ask quotations from Argus Biofuels publication for RME under the heading "Rapeseed OME fob Rotterdam" for each business day that such quotation is determined during the contract month. (B) The Gasoil Price is the arithmetic average of the ICE Gasoil first nearby contract month settlement price for each business day that it is determined during the contract month, except as noted in (C) below. (C) The settlement prices of the 1st nearby contract month will be used except on the last day of trading for the expiring Gasoil Futures contracts when the settlement prices of the 2nd nearby contracts will be used.
Termination of Trading Last business day in month.
Listed Contracts CME ClearPort and Open Outcry: Nearst 24 calendar months
CME Globex: 6 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 314
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

 

 
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