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Description

The NYH Ultra Low Sulphur Diesel Future is a physically delivered contract into the New York Harbor (NYH) region. The contract is designed to provide users with an effective hedging instrument for ULSD. The underlying physical market is for Ultra Low Sulphur Diesel 62 Grade for delivery in the NYH region.

Market Specifications

Trading Screen Product Name

Heating Oil Futures

Trading Screen Hub Name

NYH ULSD

Contract Symbol

O62

Contract Size

1,000 barrels (42,000 gallons)

Unit of Trading

Any multiple of 1,000 barrels (42,000 gallons)

Currency

US Dollars and cents

Trading Price Quotation

One hundredth of one cent ($0.0001) per gallon

Settlement Price Quotation

One hundredth of one cent ($0.0001) per gallon

Minimum Price Fluctuation

One hundredth of one cent ($0.0001) per gallon

Last Trading Day

Trading in the current delivery month shall cease at the end of the designated settlement period on the last Business Day of the calendar month preceding the delivery month.

Final Settlement

The final settlement price as determined on the last trading day of the expiring contract month shall be the basis for delivery

Position Limit

"The applicable position limits and/or accountability levels, in addition to the reportable levels, are set forth in the Position and Expiry Limit Table.

Contract Series

Up to 49 consecutive months

Markers

TAS (Trade at Settlement)

Business Days

ICE Business Days

MIC Code

IFEU

Clearing Venues

ICEU

Related Products

• Heating Oil Futures
• Heating Oil/Low Sulphur Gasoil Futures Spread
• Heating Oil Outright - NYH ULSHO Future

Trading Hours

Codes