Gasoline Diff - RBOB Gasoline 1st Line vs Argus Eurobob Non-Oxy FOB Rotterdam Barges Future69732297
ICE Futures U.S.
Gasoline Diff - RBOB Gasoline 1st Line vs Argus Eurobob Non-Oxy FOB Rotterdam Barges Future
Description
A monthly cash settled mini future based on the difference between the ICE daily settlement price for RBOB Gasoline 1st Line Future and the Argus daily assessment price for Eurobob Non-Oxy FOB Rotterdam Barges.
Market Specifications
- Trading Screen Product Name
- Gasoline Diff Futures
- Trading Screen Hub Name
- RBOB 1st Line/Argus Eurobob Non-Oxy FOB Rdam Bg
- Contract Symbol
- NOX
- Contract Size
- 1,000 metric tonnes (349,860 gallons)
- Unit of Trading
- Any multiple of 1,000 metric tonnes
- Currency
- US Dollars and cents
- Trading Price Quotation
- One hundredth of one cent (¢0.01) per gallon
- Settlement Price Quotation
- One thousandth of one cent (¢0.001) per gallon
- Minimum Price Fluctuation
- One thousandth of one cent (¢0.001) 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 the ICE for the RBOB Gasoline 1st Line Future 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 non-oxy” for each business day (as specified below) in the determination period.
Non-Common Pricing applies.
conversion factor: 1 metric tonne = 349.86 gallons. - Contract Series
- Up to 48 consecutive months, or as otherwise determined by the Exchange.
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for Argus European Products and NYMEX.
- 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 | 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 mt
- Physical
- NOX
- Logical
- NOX
- GMI (FC)
- LD
- ION A.C.N.
- Symbol Code
- NOX