- Trading Screen Product Name
- (RBOB) Gasoline/Heating Oil Spr
- Trading Screen Hub Name
- NYH (RBOB)
- Trading Hours
UK Hours* - Open: 01:00 (23:00 on Sundays), Close:
23:00.
EST Hours* - Open: 20:00 (18:00 on Sundays), Close: 18:00
the following day.
CST Hours* – Open: 19:00 (17:00 on Sundays), Close:
17:00 the following day.
Singapore Hours– Open: 09:00 (07:00 on Mondays),
Close: 07:00 the following day.
*An Exchange Circular will be issued in advance of the UK
switch from GMT to BST and a further US switch to and from DST to
confirm the altered market opening and closing times
- Contract Size
1,000 barrels
- Unit of Trading
Any multiple of 42,000 Gallons (1,000 Bbls)
- Quotation
The contract price is in US Dollars and cents per Gallon
- Trading Price
One hundredth of one cent ($0.0001) per Gallon
- Settlement Price
One hundredth of one cent ($0.0001) per Gallon
- Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per Gallon
- Maximum Price Fluctuation
There are no limits.
- Clearing
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 12 consecutive months forward.
- Position Limit
The Exchange may impose position accountability levels or limits on
positions in this contract at its discretion as provided in Rules
P3 and P8 respectively.
Current position accountability levels: Terms are deferred to the
contracts referenced by the leg markets.
Current position limits: Terms are deferred to the contracts
referenced by the leg markets.
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
contract month where a US business day is a day on which NYMEX is
opened for business
- Settlement
Trading the NYH (RBOB) Gasoline/Heating Oil Spread will result in
two separate positions in the underlying futures markets for NYH
(RBOB) Gasoline and Heating Oil. The settlement of each leg will be
the respective expiry of the ICE NYH RBOB Gasoline and ICE Heating
Oil Futures contracts as made public by ICE Futures Europe.
ICE NYH RBOB Gasoline Futures Expiry: The contract is cash settled
against the prevailing market price for RBOB Gasoline in New York
Harbor. 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.
ICE Heating Oil Futures Expiry: The contract is cash settled
against the prevailing market price for Heating Oil in New York
Harbor.
The cash settlement price in US Dollars and cents per Gallon is
equal to the penultimate settlement price for New York Harbor ULSD
Heating Oil Futures Contract as made public by NYMEX for the month
of production as specified within the relevant Contract Rules by
reference to the 2005 ISDA Commodity Definitions.
- Final Payment Date
One Business Day following the Last Trading Day.
- Business Days
ICE Business Days
- MIC Code
- IFEU
- Clearing Venues
- ICEU