- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Midland WTI 1st Line/Dubai 1st Line (Platts)
- Contract Symbol
HOX
- Contract Size
1,000 barrels
- Unit of Trading
Any multiple of 1,000 barrels
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per barrel
- Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the settlement prices as made public by ICE for the
front month Midland WTI American Gulf Coast Future contract and the
average of the “Mid” quotations appearing in
“Platts Crude Oil Marketwire” under the heading
“Key benchmarks ($/barrel)” for “Dubai” for
each business bay (as specified below) in the determination period.
- Contract Series
Up to 60 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 Platts Crude Oil Marketwire and ICE
- MIC Code
- IFED
- Clearing Venues
- ICEU