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: GNBCME ClearPort: GNBClearing: 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 | ||||
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