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Gasoline Euro-bob Oxy NWE Barges (Argus) vs European Naphtha CIF NWE (Platts) BALMO Futures Contract Specs

Contract Unit 1,000 metric tons
Price Quotation U. S. dollars and cents per metric ton
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation CME Globex: 0.01 per metric ton = $10.00
CME ClearPort: 0.001 per metric ton = $1.00
Product Code CME Globex: EGB
CME ClearPort: EGB
Clearing: EGB
Listed Contracts Monthly BALMO contracts listed for 3 consecutive 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 between the high and low quotations from Argus Media for "Eurobob oxy barges" under the heading Northwest Europe light products in the European Products Report minus the arithmetic average of the high and low quotations from the Platts European Marketscan for Northwest Europe Naphtha Physical under the heading "Cargoes CIF NWE Basis ARA" price for each business day during the contract month (using Non-common pricing). 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. 
Termination Of Trading Trading terminates on the last business day of the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1237
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing