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Mini Gasoline Euro-bob Oxy NWE Barges (Argus) BALMO Futures Contract Specs

Contract Unit 100 metric tons
Price Quotation U.S. dollars and cents per metric ton
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 0.001 per metric ton = $0.10
Product Code CME Globex: MEB
CME ClearPort: MEB
Clearing: MEB
Listed Contracts Monthly BALMO contracts listed for 3 consecutive months
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 the Argus Media for Gasoline Euro-bob Oxy NWE Barges for each business day that it is determined during the contract month.
Termination Of Trading Trading terminates on the last London business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1239
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing