Gasoline Diff - Argus Eurobob Non-Oxy FOB Rotterdam Barges vs Argus Eurobob Oxy FOB Rotterdam Barges Future69723197
ICE Futures Europe
Gasoline Diff - Argus Eurobob Non-Oxy FOB Rotterdam Barges vs Argus Eurobob Oxy FOB Rotterdam Barges Future
Description
A monthly cash settled future based on the difference between the Argus daily assessment price for Eurobob Non-Oxy FOB Rotterdam Barges and the Argus daily assessment price for Eurobob Oxy FOB Rotterdam Barges.
Market Specifications
- Trading Screen Product Name
- Gasoline Diff Futures
- Trading Screen Hub Name
- Argus Eurobob Non-Oxy FOB Rdam Bg/Argus Eurobob Oxy Rdam Bg
- Contract Symbol
- AEL
- Contract Size
- 1,000 metric tonnes
- Unit of Trading
- Any multiple of 1,000 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
- 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 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” for “Eurobob non-oxy” and 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” for “Eurobob oxy” for each business day (as specified below) in the determination period.
- 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 Argus European Products
- MIC Code
- IFEU
- Clearing Venues
- ICEU
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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
- Ref Diffs mt
- Physical
- AEL
- Logical
- AEL
- GMI (FC)
- OG
- ION A.C.N.
- Symbol Code
- AEL