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ICE Futures U.S.

Argus WTI Houston vs Dated Brent (Platts) future

Description

A monthly cash settled future based on the difference between the Argus daily assessment price for WTI Houston and the Platts daily assessment price for Dated Brent.

Market Specifications

Trading Screen Product Name
Crude Diff Futures
Trading Screen Hub Name
Argus WTI Houston/Dated Brent (Platts)
Contract Symbol
ACB
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 ($0.001) per barrel
Last Trading Day
Last Trading Day of the contract month
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the quotations appearing in the "Argus Crude" report under the heading "US Gulf Coast and Midcontinent", subheading “Weighted average” for "WTI Houston" and the average of the “Mid” quotations appearing in the “Platts Crude Oil Marketwire” under the heading “Key benchmarks ($/barrel)” for “Brent (Dated)” for each business day (as specified below) in the determination period.

Non-Common Pricing Applies.
Contract Series
Up to 60 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Day in the determination period.
Business Days
Publication days for Argus Crude and Platts Crude Oil Marketwire
MIC Code
IFED
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York8:50 PM - 7:00 PM
20:50 - 19:00
8:40 PM
20:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM
08:50 - 07:00
8:40 AM
08:40

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Am Crude Diffs
Physical
ACB
Logical
ACB
GMI (FC)
ION A.C.N.
Symbol Code
ACB