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Description

A balance of the month cash settled future based on the daily settlement price for RBOB Gasoline Futures.

Market Specifications

Trading Screen Product Name

Gasoline Futures (balmo)

Trading Screen Hub Name

RBOB 1st Line

Contract Symbol

RSE

Contract Size

1,000 barrels (42,000 gallons)

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 average of the settlement prices as made public by NYMEX for the front month RBOB Gasoline Futures contract for the month of production.

Contract Series

Up to 2 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

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Trading Hours

Codes