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NY ULSD (Argus) vs. NY Harbor ULSD BALMO Futures Contract Specs

Contract Unit 42,000 gallons
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 = $4.20
Product Code CME Globex: ULB
CME ClearPort: ULB
Clearing: ULB
Listed Contracts Monthly BALMO contracts listed for the current month and the following month listed 10 business days prior to the start of the contract month
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 between the high and low quotations from Argus Media for New York ULSD (barge) minus the NY Harbor ULSD Futures first nearby contract month settlement price for each business day that both are determined during the contract month starting from the selected start date through the end of the month.
Termination Of Trading Trading termiates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1052
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing