Contract Unit
|
1,000 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: FOMCME ClearPort: FOMClearing: FOM
|
Listed Contracts
|
Monthly BALMO contracts listed for 3 consecutive months
|
Settlement Method
|
Financially Settled |
Floating Price
|
The Floating Price for each contract month is the balance-of-month arithmetic average of the mid-point between the high and low quotations from Platts European Marketscan for 1% Fuel Oil under the heading "Cargoes FOB Med Basis Italy" starting from the selected start date through the end of the contract month, inclusive. |
Termination Of Trading
|
Trading terminates on the last business day of the contract month.
|
Position Limits
|
NYMEX Position Limits |
Exchange Rulebook
|
NYMEX 1195 |
Block Minimum
|
Block Minimum Thresholds |
Vendor Codes
|
Quote Vendor Symbols Listing |