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| Trading Unit |
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| 1,000 U.S. barrels (42,000 gallons). |
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| Price Fluctuation |
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| U.S. dollars and cents per barrels. |
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| Trading Hours (All times are New York time) |
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Open outcry trading is conducted from 9:00 AM until 2:30 PM.
Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website from 6:00 PM Sundays until 5:15 PM Fridays, with a 45 minute break between 5:15 and 6:00 PM Mondays through Thursdays. |
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| Minimum Price Fluctuation |
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| $0.01 per barrel. |
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| Trading Months |
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| The current year plus the next eight years through December 2015. A new calendar year will be added following the termination of trading in the December contract of the current year. |
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| Termination of Trading |
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| Trading terminates at the close of business on the fourth 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 fourth business day prior to the business day preceding the 25th calendar day. |
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| Trading At Settlement (TAS) |
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| Trading at settlement is available for the front two months and is subject to the existing TAS rules of the underlying respective physical products. Trading in all TAS products will cease daily at 2:30 PM Eastern Time. The TAS products will trade off of a "Base Price" of 100 to create a differential (plus or minus) in points off settlement in the underlying cleared product on a 1 to 1 basis. A trade done at the Base Price of 100 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day. |
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| Crack Spreads |
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| The following 'same month' crack spreads will be listed – BH:WS and RT:WS |
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| Settlement Type |
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| Financial, based on the NYMEX light sweet crude oil futures first nearby contract settlement price on the penultimate trading day for the delivery month. |
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| Margin Requirements |
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| Margins are required for open futures positions. |
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| Error Trade Policy |
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| CME error trade policy will be in effect. |
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| Trading Symbol |
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WS
WST (TAS code) |
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