Premium Unleaded Gasoline 10 ppm FOB MED (Platts) BALMO Futures Contract Specs
| Contract Unit | 1,000 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 = $1.00 | ||||
| Product Code | CME Globex: A8GCME ClearPort: 8GClearing: 8G | ||||
| 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 Platts European Marketscan for Premium Unleaded Gasoline (Prem Unl) 10ppm under the heading “Cargoes FOB Med Basis Italy” for each business day that it is determined during the contract month, starting from the selected start date through the end of the contract month, inclusive. | ||||
| Termination Of Trading | Trading termiates on the last business day of the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 469 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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