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| Trading Unit |
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| 1,000 U.S. barrels (42,000 gallons). |
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| Price Quotation |
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| U.S. dollars and cents per barrel. |
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| Trading Hours (All times are New York time) |
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Open outcry trading is conducted from 9:05 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). Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday. |
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| Minimum Price Fluctuation |
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| $0.0001 per gallon |
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| Trading Months |
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| 36 consecutive months on a rolling basis |
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| Trading at Settlement (TAS) |
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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 (LU: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®:
LR:LU
LU:HO |
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| Termination of Trading |
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| Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading shall cease on the third business day prior to the business day preceding the 25th calendar day. |
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| Settlement |
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| 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. |
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| Delivery |
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| The Gulf Coast ULSD Contract features physical delivery of fungible 61 Grade ULSD (15 PPM sulfur) into the Colonial Pipeline ratably in increments of 25 contracts during each cycle of the delivery month. Delivery shall be made F.O.B. the Colonial Pipeline at the injections station selected by the Seller at Pasadena, Texas; Houston, Texas; Hebert, Texas; Port Arthur, Texas; Lake Charles, Louisiana; Krotz Springs, Louisiana; Baton Rouge, Louisiana; Collins, Mississippi,; and Moundville, Alabama. |
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| Trading Symbol |
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| LU |
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