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Gasoline Eurobob Non-Oxy NWE Bargues (Argus) 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 0.001 per metric ton = $1.00
Product Code CME Globex: GNB
CME ClearPort: GNB
Clearing: GNB
Listed Contracts Monthly contracts listed for 3 consecutive months.Following the termination of the front month contract, a new contract month would be added.
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 the Argus Media European Products Report under the heading Northwest Europe Light Products barges for Eurobob non-oxy for each business day that it is determined during the contract month,starting from the selected 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 1028
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing