- 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