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Gulf Coast Unl 87 Gasoline M2 (Argus) Futures Contract Specs

Contract Unit 42,000 gallons
Price Quotation U.S. dollars and cents per gallon
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 0.0001 per gallon = $4.20
Product Code CME Globex: UGG
CME ClearPort: UGG
Clearing: UGG
Listed Contracts Monthly contracts listed for 36 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the volume weighted average quotations from Argus Media for U.S. Gulf Coast Unl 87 gasoline (Colonial M grade: lowest RVP posted except M1 and MO) pipeline using the Supplemental 9.0 RVP Summer assessment each business day that it is determined during the contract month.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1102
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing