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Singapore Gasoil (Platts) vs. Singapore Marine Fuel 0.5% (Platts) Spread 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: GMS
CME ClearPort: GMS
Clearing: GMS
Listed Contracts Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for 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 arithmetic average of the mid-point of the high and low quotations from Platts Gasoil FOB Singapore for each business day that it is determined during the contract month minus the arithmetic average of the mid-point of the high and low quotations from Platts Marine Fuel 0.5 FOB Singapore for each business day that it is determined during the contract month. For purposes of determining the Floating Price, the Platts Gasoil FOB Singapore price will be converted each day to U.S. dollars and cents per metric ton. The conversion factor will be 7.45 barrels per metric ton.
Termination Of Trading Trading terminates on the last Singapore business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1153
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing