- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Houston Canadian Sour/HOU CMA (GX)
- Contract Symbol
GXH
- 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
Trading in the current delivery month shall cease at the end of the
designated settlement period on the third Business Day prior to the
twenty-fifth calendar day of the month preceding the delivery
month. If the twenty-fifth calendar day of the month is a
Non-Business Day, trading shall cease at the end of the designated
settlement period on the third Business Day prior to the last
Business Day preceding the twenty-fifth calendar day.
- 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 average of the “VWA
Diff” quotations appearing in the "GX North America Crude"
report under the heading “ICE HOU Markets” subheading
"Houston/Texas Gulf Coast" for "Canadian Sour” for each
business day in the contract month.
The Houston Canadian Sour volume weighted average differential (VWA
Diff) price, taken from General Index, is based upon the Houston
Canadian Sour volume weighted average outright (VWA Outright) price
minus the equivalent month’s ICE Midland WTI AGC (HOO)
Calendar Month Average price from ICE.
- Contract Series
Up to 60 consecutive months, or as otherwise determined by the
Exchange
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for General Index North America Crude
- MIC Code
- IFED
- Clearing Venues
- ICEU