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

Contract Unit 35,000 gallons (100 metric tons)
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 = $3.50
Product Code CME Globex: MXR
CME ClearPort: MXR
Clearing: MXR
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 the month arithmetic
average of the RBOB Gasoline Futures first nearby contract month settlement price minus the
high and low quotations from Argus Media for Euro-bob Oxy NWE Barges for each business
day during the contract month, starting from the selected start date through the end of the
contract month, except as noted below.
For purposes of determining the Floating Price, the Argus Euro-bob Oxy assessment price will
be converted each day to U.S. dollars and cents per gallon, using a conversion factor of 8.33
barrels per metric ton and 42 gallons per barrel.
The Floating Price is calculated using the non-common pricing convention. In calculating the
spread differential, the monthly average for each component leg of the spread shall be
calculated by using all trading days in the month for each component leg of the spread,
followed by the calculation of the spread differential between the two averages.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1242
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing