- Trading Screen Product Name
- Heating Oil Futures
- Trading Screen Hub Name
- NYH
- Contract Symbol
O
- Trading Hours
UK Hours* - Open: 01:00 (23:00 on Sundays), Close:
23:00.
EST Hours* - Open: 20:00 (18:00 on Sundays), Close: 18:00
the following day.
CST Hours* – Open: 19:00 (17:00 on Sundays), Close:
17:00 the following day.
Singapore Hours– Open: 09:00 (07:00 on Mondays),
Close: 07:00 the following day.
*An Exchange Circular will be issued in advance of the UK
switch from GMT to BST and a further US switch to and from DST to
confirm the altered market opening and closing times
- Contract Size
1,000 barrels (42,000 gallons)
- Unit of Trading
Any multiple of 1,000 barrels
- Currency
US Dollars and cents
- Trading Price
One hundredth of one cent ($0.0001) per gallon
- Settlement Price
One hundredth of one cent ($0.0001) per gallon
- Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per gallon
- Maximum Price Fluctuation
There are no limits.
- Clearing
The Clearing House guarantees financial performance of all ICE
Futures contracts registered with it by its clearing members. All
ICE Futures Member companies are either members of the Clearing
House or have a clearing agreement with a Member who is a member of
the Clearing House
- Contract Series
Up to 50 consecutive months
- Position Limit
- Last Trading Day
Trading shall cease at the end of the designated settlement period
on the penultimate US business day of the month preceding the
delivery month where a US business day is a day on which NYMEX is
opened for business
- Settlement
The Heating Oil Futures Contract is cash settled against the
prevailing market price for Heating Oil in New York Harbor.
The cash settlement price in US Dollars and cents per Gallon is
equal to the penultimate settlement price for New York Harbor ULSD
Heating Oil Futures Contract as made public by NYMEX for the month
of production as specified within the relevant Contract Rules by
reference to the 2005 ISDA Commodity Definitions.
- NCR, RL and IPL Levels
NCR: 0.02;
RL: 0.04;
IPL: 0.06, 3 second recalculation and 5 second hold periods.
To access NCR documentation click
here- Linked Future
Yes
- Markers
TAS (Trade at Settlement)
- Business Days
ICE Business Days
- MIC Code
- IFEU
- Clearing Venues
- ICEU