Gasoline Diff - Group 3 V-Grade Sub-Octane Gasoline (OPIS) vs RBOB Gasoline 1st Line Future59293841
ICE Futures U.S.
Gasoline Diff - Group 3 V-Grade Sub-Octane Gasoline (OPIS) vs RBOB Gasoline 1st Line Future
Description
A monthly cash settled future based on the difference between the OPIS daily assessment price for Midwest Group 3 Sub-Octane Regular Gasoline and the ICE settlement price for RBOB Gasoline 1st Line Future.
Market Specifications
- Trading Screen Product Name
- Gasoline Diff Futures
- Trading Screen Hub Name
- Group 3 V-Grade Sub-octane (OPIS)/RBOB 1st Line
- Contract Symbol
- G3V
- 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 difference between the average of the “Mean” quotations appearing in the “OPIS Full-Day Refined Spots Report” under the heading “OPIS U.S. Midwest Spot Gasoline Prices (cts/gal)” subheading “Group 3” and “Prompt Prices” for “Sub-Oct Reg” and the settlement prices as made public by NYMEX for the front month NY Harbor ULSD Future for each business day (as specified below) in the determination period.
Common Pricing applies. - 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 OPIS Full-Day Refined Spots Report
- 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 | 7:50 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
- Am Ref Diff bbl
- Physical
- G3V
- Logical
- G3V
- GMI (FC)
- BG
- ION A.C.N.
- Symbol Code
- G3V