Diesel Outright - Daily Gulf Coast ULSD (Platts) Future

ICE Futures U.S.

A daily cash settled future based on the Platts daily assessment price for Gulf Coast Ultra Low Sulfur Diesel.

Trading Screen Product Name: Diesel Futures
Trading Screen Hub Name: Daily Gulf Coast ULSD (Platts)
Contract Symbol: DOD
Contract Size: 1,000 barrels (42,000 gallons)
Unit of Trading: Any multiple of 1,000 barrels
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: Second Business Day after the nominal contract date.
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: A price in USD and cents per gallon based on the “Mid” quotations appearing in the “Platts US Marketscan” under the heading “Gulf Coast” subheading “Houston” and “Prompt Pipeline” for “Ultra low sulfur diesel” for each business day (as specified below)
Contract Series: Up to 130 consecutive business days, 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 Platts US Marketscan
MIC Code: IFED
Clearing Venues: ICEU

*Next Day

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