Gasoline Crack - RBOB Gasoline 1st Line vs WTI 1st Line Future6753324

Description

A monthly cash settled future based on the difference between the daily settlement price for RBOB Gasoline 1st Line Future and the daily settlement price for WTI 1st Line Future.

Market Specifications

Trading Screen Product Name
Gasoline Crack Futures (bbl)
Trading Screen Hub Name
RBOB 1st Line/WTI 1st Line
Commodity Code
RBW
Contract Size
1,000 barrels
Unit of Trading
Any multiple of 1,000 barrels
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per barrel
Settlement Price Quotation
One hundredth of one cent ($0.0001) per barrel
Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per barrel
Last Trading Day
Last Business Day of the contract period
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 barrel based on the difference between the average of the settlement prices as made public by ICE for the front month RBOB Gasoline 1st Line Swap Future and the average of the settlement prices as made public by ICE for the front month WTI 1st Line Swap Future for each Business Day in the determination period. Conversion factor: 1 barrel = 42 gallons
Contract Series
Up to 60 consecutive months
Final Payment Date
One Business Day following the Last Trading Day
Business Days
ICE Business Days
MIC Code
IFED
Clearing Venues
ICEU
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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 Cracks bbl
Physical
RBW
Logical
RBW
GMI(FC)
R&N A.C.N.