Gulf Coast Jet Fuel (Platts) Mini Future

ICE Futures U.S.

A monthly cash settled mini future based on the Platts daily assessment price for Gulf Coast Jet 54 Pipeline.

Trading Screen Product Name: Jet Fuel Futures
Trading Screen Hub Name: Jet USGC Mini
Contract Symbol: GCJ
Contract Size: 100 barrels (4,200 gallons)
Unit of Trading: Any multiple of 100 barrels
Currency: US Dollars and cents
Trading Price Quotation: One hundredth of one cent ($0.0001) per gallon
Settlement Price Quotation: One hundredth of one cent ($0.0001) per gallon
Minimum Price Fluctuation: One hundredth of one cent ($0.0001) per gallon
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 gallon based on the average of the mean of the high and low quotations appearing in the "Platts US Marketscan" under the heading "Gulf Coast" subheading "Distillates and blendstocks" and "Pipeline" for "Jet 54" for each business day (as specified below) in the determination period.
Contract Series: Up to 48 consecutive months
Final Payment Date: Two Clearing House Business Days following the Last Trading Day
Business Days: Publication days for Platts US Marketscan
MIC Code: IFED
Clearing Venues: ICEU

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

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