- Trading Screen Product Name
- Gasoline Diff Futures
- Trading Screen Hub Name
- USGC Unl 87 (Platts)/RBOB 1st Line
- Contract Symbol
UM1
- Contract Size
1000 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
“Platts US Marketscan” under the heading “Gulf
Coast” subheading “Houston” and “Prompt
Pipeline” for “Unleaded 87” and the average of
the settlement prices as made public by ICE for the RBOB Gasoline
1st Line Future 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