Heating Oil Arb - Heating Oil 1st Line vs Low Sulphur Gasoil 1st Line Balmo Future55999118
ICE Futures U.S.
Heating Oil Arb - Heating Oil 1st Line vs Low Sulphur Gasoil 1st Line Balmo Future
Description
A balance of the month cash settled future based on the difference between the ICE settlement price for Heating Oil 1st Line Future and the ICE settlement price for Low Sulphur Gasoil 1st Line Future (in bbls).
Market Specifications
- Trading Screen Product Name
- Heating Oil Arb Futures (balmo)
- Trading Screen Hub Name
- HO 1st Line/LS GO 1st Line
- Contract Symbol
- UL9
- 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 cent ($0.01) per gallon
- Settlement Price Quotation
- One hundredth of one cent ($ 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 settlement prices as made public by NYMEX for the front month NY Harbor ULSD Future and the average of the settlement prices as made public by ICE for the front month Low Sulphur Gasoil Future for each business day (as specified below) in the determination period.
Non-Common Pricing applies.
conversion factor: 1 metric tonne = 312.9 gallons. - 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 and NYMEX
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
- Gasoil Outright - Low Sulphur Gasoil 1st Line Balmo Future
- Heating Oil Outright - Heating Oil 1st Line Balmo Future
- Low Sulphur Gasoil Futures
- Gasoil Crack - Low Sulphur Gasoil 1st Line vs Brent 1st Line Future (in Bbls)
- Gasoil Diff - Singapore Gasoil (Platts) vs Low Sulphur Gasoil 1st Line Future (in Bbls) Show More
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
- UL9
- Logical
- UL9
- GMI (FC)
- 8N
- ION A.C.N.
- Symbol Code
- UL9