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RBOB Gasoline 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: RB
CME ClearPort: RB
Clearing: RB
Listed Contracts Monthly contracts listed for the current year and the next 3 calendar years and 1 additional contract month. List monthly contracts for a new calendar year and 1 additional contract month following the termination of trading in the December contract of the current year.
Settlement Method Deliverable
Termination Of Trading Trading terminates on the last business day of the month prior to the contract month.
Trade At Marker Or Trade At Settlement Rules Trading at settlement is available for spot (except on the last trading day), 2nd, 3rd, 4th, 5th, 6th and 7th months subject to the requirements of Rule 524.A. TAS Trading ceases daily at 2:30 PM ET. Products eligible for TAS pricing trade off of a "Base Price" of 0 to create a differential (plus or minus 10 ticks) versus settlement in the underlying product on a 1 to 1 basis. A trade done at the Base Price of 0 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day.
TAS trading terminates 2 business days prior to the contract month.

TAM trading is analogous to our existing Trading at Settlement (TAS) trading wherein parties will be permitted to trade at a differential that represents a not-yet-known price. TAM trading will use a marker price, whereas TAS trading uses the Exchange-determined settlement price for the applicable contract month. As with TAS trading, parties will be able to enter TAM orders at the TAM price or at a differential between one and ten ticks higher or lower than the TAM price. Trading at marker is available for spot month on the last trading day.

RBOB Gasoline (RB) spot, 2nd and 3rd months and nearby/second month, second/third month and nearby/third month calendar spreads.
Settlement Procedures RBOB Futures Settlement Procedures
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 191
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit NYMEX 191
Vendor Codes Quote Vendor Symbols Listing
Delivery Procedure Please see rulebook chapter 191