Daily CFD - Dated Brent (Platts) vs Second Month BFOE (Platts) Future19118096
ICE Futures Europe
Daily CFD - Dated Brent (Platts) vs Second Month BFOE (Platts) Future
Description
A cash settled future based on the difference between Platts daily assessment price for Dated Brent and Platts daily assessment price for the second Cash BFOE month.
Market Specifications
- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Brent Bullet CFD/2nd 1000bbl
- Contract Symbol
- BTM
- Contract Size
- 1,000 barrels
- Unit of Trading
- Any multiple of 1,000 barrels
- Currency
- US Dollars and cents
- Trading Price Quotation
- One cent ($0.01) per barrel
- Settlement Price Quotation
- One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
- One tenth of one cent ($0.001) per barrel
- Last Trading Day
- Second Business Day after the nominal contract date
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the "Mid" quotations appearing in “Platts Crude Oil Marketwire” under the heading “Key benchmarks ($/barrel)” for “Brent (Dated)” and the average of the "Mid" quotations appearing in “Platts Crude Oil Marketwire” under the heading "Key benchmarks ($/barrel)” for "Brent" for the second quoted month for each business day that both are determined during the contract period.
- Contract Series
- 130 days
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for Platts Crude Oil Marketwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Crude Diffs
- Physical
- BTM
- Logical
- BTM
- GMI (FC)
- 8T
- ION A.C.N.
- Symbol Code
- BTM