 |
|
|
| Trading Unit |
|
| 1,000 U.S. barrels (42,000 gallons). |
|
| Price Quotation |
|
| U.S. dollars and cents per barrel. |
|
| Trading Hours (All times are New York time) |
|
Open outcry trading is conducted from 9:10 AM until 2:30 PM.
Electronic trading is conducted from 6:00 PM until 5:15 PM via the CME Globex® trading platform, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date). |
|
| Minimum Price Fluctuation |
|
| $0.0001 per gallon |
|
| Trading Months |
|
| 36 consecutive months on a rolling basis |
|
| Trading at Settlement (TAS) |
|
Trading at Settlement (TAS) in the front three months will be available for trading both on the trading floor and on the CME GLOBEX® platform. The one-to-one crack spread (LH:CL) will be available for trading on the trading floor only. Further, the following inter-commodity spreads will be listed both on the floor and on CME GLOBEX®:
LH:HO |
|
| Termination of Trading |
|
| Trading terminates at the close of business on the last business day of the month prior to the delivery month. |
|
| Settlement |
|
| This futures contract features physical delivery after termination of trading. The final settlement price is based on the average-weighted price of trades done in the closing range on termination day. |
|
| Delivery |
|
| The New York Harbor ULSD Contract features physical delivery of 15 PPM Sulfur ULSD using the Colonial Pipeline specifications for 61 Grade ULSD. The delivery terms in New York Harbor are identical to the delivery requirements for the New York Harbor Heating Oil Contract. |
|
| Trading Symbol |
|
| LH |
|