NY Harbor ULSD Futures Contract Specs

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. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
	CME ClearPort:	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/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
Product Code	CME Globex: HO CME ClearPort: HO Clearing: HO TAS: HOT
Listed Contracts	Current Year + 3 Years + 1 Month
Settlement Method	Deliverable
Termination Of Trading	Trading in a current month shall cease on the last business day of the month preceding the delivery month.
Trade At Marker Or Trade At Settlement Rules	Trading at settlement is available for spot (except on the last trading day), 2nd, 3rd, 4th, 5th, 6th and 7th months subject to the requirements of Rule 524.A. TAS Trading ceases daily at 2:30 PM ET. Products eligible for TAS pricing trade off of a "Base Price" of 0 to create a differential (plus or minus 10 ticks) versus settlement in the underlying product on a 1 to 1 basis. A trade done at the Base Price of 0 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day. TAS trading terminates 2 business days prior to the contract month. TAM trading is analogous to our existing Trading at Settlement (TAS) trading wherein parties will be permitted to trade at a differential that represents a not-yet-known price. TAM trading will use a marker price, whereas TAS trading uses the Exchange-determined settlement price for the applicable contract month. As with TAS trading, parties will be able to enter TAM orders at the TAM price or at a differential between one and ten ticks higher or lower than the TAM price. Trading at marker is available for spot month on the last trading day. NY Harbor ULSD Futures (HO) spot, 2nd and 3rd months and nearby/second month, second/third month and nearby/third month calendar spreads.
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	NYMEX 150
Vendor Codes	Quote Vendor Symbols Listing
Delivery Period	Please see rulebook chapter 150

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