Heating Oil Arb - Heating Oil 1st Line vs Low Sulphur Gasoil 1st Line Future (in Bbls)6753449

Description

A monthly cash settled future based on the difference between the ICE daily settlement price for Heating Oil 1st Line Future and the ICE daily settlement price for Low Sulphur Gasoil 1st Line Future.

Market Specifications

Trading Screen Product Name
Heating Oil Arb Futures
Trading Screen Hub Name
HO 1st Line/LS GO 1st Line
Commodity Code
ULM
Contract Size
1,000 barrels (42,000 gallons)
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 Business 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 settlement prices as made public by NYMEX for the front month NY Harbor ULSD Future and the average of the settlement prices as made public by ICE for the front month Low Sulphur Gasoil Future for each business day in the determination period. Non-Common Pricing applies. Conversion Factor: 1 metric tonne = 312.9 gallons
Roll Adjust Provision
Contract Series
Up to 48 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
ICE Business Days
Linked Future
Yes
MIC Code
IFEU
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
Singapore8:50 AM - 7:00 AM*
08:50 - 07:00
8:40 AM
08:40

*Next Day

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

Codes

Clearing Admin Name
Ref Diffs bbl
Physical
ULM
Logical
ULM
GMI(FC)
R&N A.C.N.