Effective as of March 13, 2020 and until further notice, NYMEX increased the dynamic circuit breakers of PA, RB, HO and all Associated Products. See SER 8561 for additional information.
|Contract Unit||42,000 gallons|
|Price Quotation||U.S. dollars and cents per gallon|
|Trading Hours||CME Globex:||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)
TAS: Sunday - Friday 6:00 p.m. - 2:30 p.m. (5:00 p.m. - 1:30 p.m. CT)
|CME ClearPort:||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
TAS: Zero or +/- 10 ticks in the minimum tick increment of the outright
|Product Code||CME Globex: HOCME ClearPort: HOClearing: HOTAS: HOTTAM: "HO2","HOL","HO3","HOP"|
|Listed Contracts||Monthly contracts listed for the current year and the next 3 calendar years and 1 additional month. List monthly contracts for a new calendar year and 1 additional month following the termination of trading in the December contract of the current year.|
|Termination Of Trading||Trading terminates on the last business day of the month prior to the contract month.|
|Trade At Marker Or Trade At Settlement Rules||Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price.
Trading at Marker (TAM) is analogous to Trading at Settlement (TAS) wherein parties are permitted to trade at a differential to a not-yet-known price. TAM uses a marker price, whereas TAS uses the Exchange-determined daily settlement price for the underlying futures contract month.
|Settlement Procedures||Heating Oil Futures Settlement Procedures|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 150|
|Block Minimum||Block Minimum Thresholds|
|Price Limit Or Circuit||Price Limits|
|Vendor Codes||Quote Vendor Symbols Listing|
|Delivery Period||Please see rulebook chapter 150|