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Singapore Jet Kerosene (Platts) vs. Gasoil (Platts) Futures Contract Specs

Product Symbol CME Globex: RKA
CME ClearPort: RK
Open Outcry: RK
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 barrels
Price Quotation U.S. dollars and cents per barrel
Minimum Fluctuation $0.001 per barrel
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore Cargoes of Jet Kerosene minus the arithmetic average of the high and low quotations for Singapore Gasoil for each business day during the contract month (using Non-common pricing).
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts The current year and the next 2 years. A new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 672
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.