Asset Class Navigation

East-West Gasoline Spread (Platts-Argus) Futures Contract Specs

    Platts to amend Singapore 92 RON, 95 RON, 97 RON Gasoline specifications effective July 2019. Further information regarding this matter may be viewed here.

Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrel
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/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 barrel
Product Code CME Globex: EWG
CME ClearPort: EWG
Clearing: EWG
Listed Contracts 12 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from the Platts Asia-Pacific/Arab Gulf Marketscan for Gasoline 92 unleaded under the heading Singapore minus the arithmetic average of the mid-point of the high and low quotations for Argus Media for Gasoline Euro-bob Oxy NWE Barges for each business day that each assessment is determined during the contract month (using non-common pricing).
 
For the purpose of determining the Floating Price, the Argus Gasoline Euro-bob will be converted each day to U.S dollars and cents per barrel, rounded to the nearest cent using a conversion factor of 8.33 barrels per metric ton.
 
The Floating Price is calculated using the non-common pricing convention. In calculating the spread differential, the monthly average for each component leg of the spread shall be calculated by using all trading days in the month for each component leg of the spread, followed by the calculation of the spread differential between the two averages.

For contract months from July 2019 onwards, the quality referenced by Platts for FOB Singapore Gasoline 92 RON unleaded, 95 RON unleaded and 97 RON unleaded will reflect, as announced by Platts, maximum sulphur level of 50 ppm, RVP of 9 PSI, final boiling point of 215 degrees, as well as new maximum contents on aromatics at 40 % and olefins at 25%. Trading in all contract months up to but excluding July 2019, will continue to reference for current Platts gasoline quality.

 
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1235
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing