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ICE Futures U.S.

Gasoline Diff - USGC RBOB (Platts) vs RBOB Gasoline 1st Line Balmo Future

Description

A balance of the month cash settled future based on the difference between the Platts daily assessment price for USGC RBOB and the ICE settlement price for RBOB Gasoline 1st Line Future.

Market Specifications

Trading Screen Product Name
Gasoline Futures (balmo)
Trading Screen Hub Name
USGC RBOB (Platts)/RBOB 1L
Contract Symbol
RAC
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
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 “Mid” quotations appearing in “Platts US Marketscan” under the heading “Gulf Coast” subheading “Houston” and “Prompt Pipeline” for “RBOB 83.7” and 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.
Contract Series
Up to 2 consecutive months, or as otherwise determined by the Exchange
Business Days
Publication days for Platts US Marketscan
MIC Code
IFED
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

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

Codes

Clearing Admin Name
Am Ref Diff bbl
Physical
RAC
Logical
RAC
GMI (FC)
ION A.C.N.
Symbol Code
RAC