MINI ARGUS GASOLINE EUROBOB OXY BARGES NWE CRACK SPREAD (100MT) FUTURES - CONTRACT SPECS
| Contract Unit | 833 Barrels (100 Metric Tons) | ||||
| Price Quotation | U. S. Dollars and Cents per Barrel | ||||
| Trading Hours | 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 | $0.001 per Barrel | ||||
| Product Code | CME Globex: MACCME ClearPort: MACClearing: MAC | ||||
| 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 mid-point between the high and low quotations from the Argus Media for Gasoline Euro-bob Oxy NWE Barges minus the Brent Crude Oil (ICE) Futures contract first nearby settlement price for each business day during the contract month (using Non-common pricing), except for (A) below. For purposes of determining the Floating Price, the Argus gasoline assessment price will be converted each day to U.S. dollars and cents per barrel, rounded to the nearest cent. The conversion factor will be 8.33 barrels per metric ton. (A) The settlement prices of the 1st nearby contract month will be used except on the last day of trading for the expiring Brent Crude Oil Futures contract when the settlement prices of the 2nd nearby contract will be used. |
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| Termination Of Trading | Trading ceases on the last business day of the contract month | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 1175 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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