Gasoline Outright - Daily Argus Eurobob Oxy FOB Rotterdam Barges Mini Future55999115
ICE Futures Europe

Gasoline Outright - Daily Argus Eurobob Oxy FOB Rotterdam Barges Mini Future

Description

A cash settled mini future based on the Argus daily assessment price for Eurobob Oxy FOB Rotterdam Barges.

Market Specifications

Trading Screen Product Name
Gasoline Futures
Trading Screen Hub Name
Argus Eurobob Oxy FOB Rdam Bg Mini Daily
Contract Symbol
AIT
Contract Size
100 metric tonnes
Unit of Trading
Any multiple of 100 metric tonnes
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per metric tonne
Settlement Price Quotation
One tenth of one cent ($0.001) per metric tonne
Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
Last Trading Day
Second Business Day after the nominal contract date
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 metric tonne based on the average of the mean of the high and low quotations appearing in the “Argus European Products Report” under the heading “Northwest Europe light products” subheading “barge” for “Eurobob oxy” for each business day (as specified below) in the determination period.
Contract Series
Up to 130 consecutive days
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Argus European Products
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM
07:50 - 06:00
7:40 AM
07:40

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

Codes

Clearing Admin Name
Ref Outright mt
Physical
AIT
Logical
AIT
GMI (FC)
#Y
Symbol Code
AIT