- Trading Screen Product Name
- Heating Oil/LS Gas Oil Spr
- Trading Screen Hub Name
- NYH
- Unit of Trading
The minimum HO/LSGO Futures Spread quantity is 4 lots (made up of 3
Heating Oil lots & 4 Low Sulphur Gasoil lots). The HO/LSGO
Futures Spread trades in 4 lot increments. The LS Gasoil (traded in
metric tonnes) is converted into a price per gallon using a
conversion factor of 312.9. To convert LS Gasoil into US
Dollars/gallon simply divide the price by 312.9.
The conversion factor of 312.9 is derived from 2 conversions:
Metric Tonnes to Barrels (1:7.45) Barrels to Gallons (1:42)
- 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
- Maximum Price Fluctuation
There are no limits.
- Contract Series
Up to 36 consecutive months forward
- 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
- Position Limit
Terms are deferred to the contracts referenced by the leg markets.
- 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.
- Final Settlement
Trading the Heating Oil/Low Sulphur Gasoil Futures Spread will
result in two separate positions in the underlying futures markets
for Heating Oil and Low Sulphur Gasoil. The settlement of each leg
will be respective expiry of the Heating Oil and Low Sulphur Gasoil
futures contracts as made public by ICE Futures Europe. Upon expiry
of the Heating Oil leg, holders of a Heating Oil/Low Sulphur Gasoil
Futures Spread trade will then be left with a long or short
position in the Low Sulphur Gasoil market which will then be
settled on expiry of the relevant underlying Low Sulphur Gasoil
Futures contract.
ICE LS Gasoil futures expiry: Trading shall cease at 12:00 hours,
2 business days prior to the 14th calendar day of the delivery.
The weighted average price of trades is determined during a two
minute settlement period from 16:28:00 to 16:30:00, London time.
ICE Heating Oil futures expiry: Trading shall cease at the end of
the designated settlement period on the penultimate US business day
of the month preceding the delivery period.
- MIC Code
- IFEU
- Clearing Venues
- ICEU