| Singapore Gasoil 10 ppm (Platts) Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: ATF CME ClearPort: STF Open Outcry: STF |
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| 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 | 1,000 U.S. barrels | ||||
| Price Quotation | Prices shall be quoted in U.S. dollars and cents per barrel | ||||
| Minimum Fluctuation | The minimum price fluctuation shall be $0.001 (0.1¢) per barrel. The minimum final settlement is $0.001 per barrel. | ||||
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore Physical Cargoes of Gasoil 10 ppm Sulfur for each publication day during the contract month. | ||||
| Termination of Trading | Trading shall cease on the last business day of the contract month. | ||||
| Listed Contracts | CME ClearPort and Open Outcry: | The first listed month for these contracts will be the October 2010 contract month. Monthly contracts will list current year plus the two calendar years, consecutively. | |||
| CME Globex: | 1 month | ||||
| Settlement Type | Financial | ||||
| Final Settlement | Delivery under the contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 860 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||