WTI 1st Line Mini Future27066807
ICE Futures U.S.
WTI 1st Line Mini Future
Description
A monthly cash settled mini future based on the daily settlement price for the NYMEX WTI Crude Futures.
Market Specifications
- Trading Screen Product Name
- Crude Futures
- Trading Screen Hub Name
- WTI 1st Line Mini
- Contract Symbol
- RMM
- Contract Size
- 100 barrels
- Unit of Trading
- Any multiple of 100 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
- Last Trading Day of the contract month
- 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 average of the settlement prices as made public by NYMEX for the front month WTI Futures contract for the month of production.
- Contract Series
- Up to 84 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for ICE
- MIC Code
- IFED
- 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 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Am Crude
- Physical
- RMM
- Logical
- RMM
- GMI (FC)
- RW
- ION A.C.N.
- EH82
- Symbol Code
- RMM