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Gulf Coast Unl 87 Gasoline M2 (Platts) vs. RBOB Gasoline BALMO 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: GBB
CME ClearPort: GBB
Clearing: GBB
Listed Contracts Monthly BALMO contracts listed for the current month and the following month listed 10 days prior to the start of the contract month?
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 Platts Oilgram Price Report for U.S. Gulf Coast Unl 87 gasoline (Colonial M grade: lowest RVP posted except M1 and M0) pipeline assessment minus the RBOB Gasoline Futures first nearby contract month settlement price starting from the selected start date through the end of the contract month, inclusively.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1089
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing