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Singapore Mogas 95 Unleaded (Platts) vs. Singapore Mogas 92 Unleaded (Platts) Futures Contract Specs

Product Symbol SMU
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
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 Oilgram Price Report for Singapore Mogas 95 Unleaded Gasoline minus the arithmetic average of the high and low quotations from the Platts Oilgram Price Report for Singapore Mogas 92 Unleaded Gasoline for each business day that it is determined during the contract month. The contract's reference month shall be the calendar month following the calendar month containing the Monday of the contract's reference week.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: 36 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 211
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.