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Mini Singapore Gasoil 500 ppm (Platts) Futures Contract Specs

Contract Unit 100 barrels
Price Quotation U.S. dollars and cents per barrel
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation $0.001 per barrel
Product Code CME Globex: MGO
CME ClearPort: MGO
Clearing: MGO
Listed Contracts Monthly contracts listed for the current year and the next 2 calendar years.  List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the averithmetic average of the mid-ponit of the high and low quotations of “Gasoil .05% S (500ppm) FOB Spore Cargo" by Platts for each business day during the contract month.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1324
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing