Diesel Diff - Gulf Coast ULSD (Platts) vs Gulf Coast Jet Fuel (Platts) Future31687092
ICE Futures U.S.
Diesel Diff - Gulf Coast ULSD (Platts) vs Gulf Coast Jet Fuel (Platts) Future
Description
A monthly cash settled future based on the difference between the Platts daily assessment price for Gulf Coast Ultra Low Sulfur Diesel and the Platts daily assessment price for Gulf Coast Jet 54 Pipeline.
Market Specifications
- Trading Screen Product Name
- Diesel Diff Futures
- Trading Screen Hub Name
- USGC ULSD (Platts)/Jet USGC (Platts)
- Contract Symbol
- JCU
- Contract Size
- 1,000 barrels
- Unit of Trading
- Any multiple of 1,000 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 difference between the average of the “Mid” quotations appearing in the "Platts US Marketscan" under the heading "Gulf Coast" subheading "Houston" and “Prompt Pipeline” for "Ultra low sulfur diesel" and the average of the “Mid” quotations appearing in the "Platts US Marketscan" under the heading "Gulf Coast" subheading "Houston" and “Prompt 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
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 Ref Diff bbl
- Physical
- JCU
- Logical
- JCU
- GMI (FC)
- ZS
- ION A.C.N.
- Symbol Code
- JCU