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European Butane CIF ARA (Argus) BALMO Futures Contract Specs

Contract Unit 1000 metric tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.001 per metric ton = $1.00
Product Code CME Globex: BEB
CME ClearPort: BEB
Clearing: BEB
Listed Contracts Monthly BALMO contracts listed for 3 consective months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point of the high and low quotations from Argus Media for Butane CIF ARA Large Cargo starting from the selected start date through the end of the contract month.
Termination Of Trading Trading terminates on the last U.S. and London business day of the month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1427
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing