Gasoline Diff - Group 3 Sub-Octane Gasoline (Platts) vs RBOB Gasoline 1st Line Balmo Future61989094
ICE Futures U.S.
Gasoline Diff - Group 3 Sub-Octane Gasoline (Platts) vs RBOB Gasoline 1st Line Balmo Future
Description
A balance of the month cash settled future based on the difference between the Platts daily assessment price for Midwest Group 3 Sub-octane Gasoline and the ICE settlement price for RBOB Gasoline 1st Line Future.
Market Specifications
- Trading Screen Product Name
- Gasoline Diff Futures (balmo)
- Trading Screen Hub Name
- Group 3 Sub-octane (Platts)/RBOB 1st Line
- Contract Symbol
- GPR
- Contract Size
- 1,000 barrels (42,000 gallons)
- Unit of Trading
- Any multiple of 1,000 Barrels
- Currency
- US Dollars and cents
- Trading Price
- One hundredth of one cent ($0.0001) per gallon
- Settlement Price
- 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
- Fixed Price
- The traded price or the previous day's settlement price
- 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 “Midwest (c/gal)” subheading “Group 3” for “Sub-octane” and the average of the settlement prices as made public by NYMEX for the front month RBOB Gasoline Future for each business day (as specified below) in the determination period.
Common Pricing applies.” - 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 Platts US Marketscan
- 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 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Am Ref Diff bbl
- Physical
- GPR
- Logical
- GPR
- GMI (FC)
- MI
- ION A.C.N.
- Symbol Code
- GPR