Jet Fuel Diff - Argus NYH Jet Fuel vs Heating Oil 1st Line Future37042666

Description

A monthly cash settled future based on the difference between the Argus daily assessment price for Jet 54 Buckeye and the ICE daily settlement price for Heating Oil 1st Line Future.

Market Specifications

Trading Screen Product Name
Jet Fuel Diff Futures
Trading Screen Hub Name
Argus NYH Jet/HO 1st Line
Commodity Code
JCH
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 mean of the high and low quotations appearing in “Argus US Products” under the heading “Distillates” subheading “Atlantic Coast” and “Buckeye” for “Jet 54” and the average of the settlement prices as made public by ICE for the Heating Oil 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 Argus US Products
MIC Code
IFED
Clearing Venues
ICEU
Loading...

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Am Ref Diff bbl
Physical
JCH
Logical
JCH
GMI(FC)
R&N A.C.N.