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Description

The ICE RBOB Gasoline Futures Contract is cash settled, and designed to appeal to both physical and financial traders. In addition offsetting of margins with other ICE Futures Oil Contracts ensures that a Member's collateral is used effectively when trading ICE Futures Oil Contracts.

Market Specifications

Trading Screen Product Name

(RBOB) Gasoline Futures

Trading Screen Hub Name

NYH (RBOB)

Contract Symbol

N

Trading Hours

Open time on Monday morning/Sunday evening is 23:00 London (local time), 18:00 New York, 17:00 Chicago.

Unit of Trading

1,000 barrels (42,000 gallons)

Currency

US Dollars and cents

Minimum Price Fluctuation

One hundredth of a cent ($0.0001) per gallon

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

The applicable position, expiry and/or accountability levels, are set forth in Table 1 of ICE Futures Europe’s Position, Expiry and Delivery Limits and Accountability Levels Guidance.

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 US business day is a day on which NYMEX is opened for business.

Settlement

The RBOB Gasoline Futures Contract is cash settled against the prevailing market price for RBOB Gasoline in New York Harbour. The cash settlement price is an amount equal to the settlement price on the penultimate day of trading of the NYMEX New York Harbor Gasoline Blendstock (RBOB) Futures Contract

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

Markers

TAS (Trade at Settlement)

Business Days

ICE Business Days

Linked Future

Yes

MIC Code

IFEU

Clearing Venues

ICEU

Related Products

• WTI Crude Futures
• Heating Oil Futures
• Heating Oil/Low Sulphur Gasoil Futures Spread
• ICE (RBOB) Gasoline Last Day Future
• Gasoline Crack - RBOB Gasoline 1st Line vs Brent 1st Line Future (in bbls)
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Trading Hours

Codes