- Trading Screen Product Name
- (RBOB) Gasoline Futures
- Trading Screen Hub Name
- NYH (RBOB)
- Commodity Code
- Trading Hours
Open time on Monday morning/Sunday evening is 23:00 London (local time), 18:00 New York, 17:00 Chicago.
- Unit of Trading
US Dollars and cents
- Minimum Price Fluctuation
One hundredth of a cent ($0.0001) per gallon
The Clearing House guarantees financial performance of all ICE Futures contracts registered with it by its clearing members. All ICE Futures Member companies are either members of the Clearing House or have a clearing agreement with a Member who is a member of the Clearing House.
- Contract Series
Up to 50 consecutive months.
- Position Limit
The Exchange may impose position accountability levels or limits on positions in this contract at its discretion as provided in Rules P8 and P3 respectively.
Current position accountability levels: In any one month: 5,000 net futures, all months: 7,000 net futures.
Current position limits: 1000 lots during the last 3 trading days of the expiring month.
Exemptions from position limits may be granted at Exchange discretion for bona fide hedge positions.
- Last Trading Day
Trading shall cease at the end of the designated settlement period on the penultimate US business day of the month preceding the delivery month where US business day is a day on which NYMEX is opened for business.
The RBOB Gasoline Futures Contract is cash settled against the prevailing market price for RBOB Gasoline in New York Harbour. The cash settlement price is an amount equal to the settlement price on the penultimate day of trading of the NYMEX New York Harbor Gasoline Blendstock (RBOB) Futures Contract
- Business Days
ICE Business Days
- Linked Future
- MIC Code
- Clearing Venues