- 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