04/20/2007
| Contracts | Product Symbol |
Contract Size |
| Gulf Coast Gasoline | LR |
42,000 Gallons |
| Gulf Coast Ultra Low Sulfur Diesel (ULSD) | LU |
42,000 Gallons |
| New York Harbor Ultra Low Sulfur Diesel (ULSD) | LH |
42,000 Gallons |
The termination of trading for the Gulf Coast Gasoline and ULSD contracts will correspond to the expiration of the NYMEX Light Sweet Crude Oil Contract, which is three business days prior to the 25th calendar day of the month prior to the delivery month. The New York Harbor ULSD Contract will terminate on the last business day of the month prior to the delivery month, which is identical to the New York Harbor Heating Oil Contract.
The Gulf Coast Gasoline Contract features physical delivery of M grade conventional gasoline into the Colonial Pipeline on a ratable monthly basis during each 5-day cycle of the delivery month. The Gulf Coast ULSD Contract features physical delivery of Grade 61 ULSD (15 PPM) into the Colonial Pipeline on a ratable monthly basis during each 5-day cycle of the delivery month. Further, the New York Harbor ULSD Contract will be physically delivered in the New York Harbor, with delivery terms identical to the New York Harbor Heating Oil Contract.
Trading at Settlement (TAS) in the front three months will be available for trading both on the trading floor and on the CME GLOBEX® platform. The one-to-one crack spreads (LR:CL, LU:CL, and LH:CL) will be available for trading on the trading floor only. Further, the following inter-commodity spreads will be listed both on the floor and on CME GLOBEX®:
Spread |
Product Description |
LR:RB |
Gulf Coast Gasoline minus RBOB Gasoline (Up-Down Spread) |
LR:LU |
Gulf Coast Gasoline minus Gulf Coast ULSD |
LU:HO |
Gulf Coast ULSD minus Heating Oil (Up-Down Spread) |
LH:HO |
New York Harbor ULSD minus Heating Oil |
EFP and EFS transactions will be available for execution on both the floor and on the NYMEX ClearPort® Clearing platform.
The minimum tick size is $0.0001 per gallon. These new contracts will be listed for 36 consecutive months on a rolling basis. The chapters containing the terms and condition product specification rules for each of the new futures contracts are available in the Exchange's online rulebook.
| Trading Floor | CME GLOBEX® | EFP and EFS Fees |
| Member Day Trade $0.25 | Member Day Trade $0.35 | Member $0.40 |
| Member Overnight Trade $0.50 | Member Overnight Trade $0.60 | Non-Member $1.35 |
| Non-Member $1.35 | Non-Member Rate $1.45 | (EFS Floor Surcharge $2.50) |
| COMEX Blended Rate $0.90 | ||
| Delivery Charges | ||
| House Account $0.50 | ||
| Customer Account $1.00 |