- Trading Screen Product Name
- Gasoline Diff Futures
- Trading Screen Hub Name
- Argus GC CBOB A/RBOB 1st Line
- Contract Symbol
AJC
- Contract Size
1,000 bbls (42,000 gallons)
- Unit of Trading
Any multiple of 1,000 bbls
- 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
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 mean of the high and low quotations appearing in the
"Argus US Products" report under the heading “Gasoline”
subheading “Gulf Coast” and “Colonial” for
“Reg CBOB A” prompt cycle minus the average of the
settlement prices as made public by NYMEX for the front month RBOB
Gasoline Future for each business day (as specified below) in the
determination period.
Common Pricing applies.
- 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 in
the determination period.
- Business Days
Publication days for Argus US Products
- MIC Code
- IFED
- Clearing Venues
- ICEU