- Trading Screen Product Name
- Gasoline Diff Futures
- Trading Screen Hub Name
- Group 3 Sub-octane (Platts)/RBOB 1st Line
- Contract Symbol
GDL
- Contract Size
1,000 barrels
- 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
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 “Midwest
(c/gal)” subheading “Group 3” for
“Sub-octane” and the average of the settlement prices
as made public by ICE for the RBOB Gasoline 1st Line Future for
each business day (as specified below) in the determination period.
- Contract Series
Up to 48 consecutive months
- 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