- Trading Screen Product Name
- (RBOB) Gasoline/Midland WTI Crack
- Trading Hours
GMT* Open 01:00 (23.00 on Sundays) Close 23:00
EST Hours* Open 20:00 (18:00 on Sundays) Close:18:00 the following
day
CST Hours* Open19:00 (17:00 on Sundays) Close:17:00 the following
day
Singapore Hours Open 09:00 (07:00 on Mondays) Close: 07:00 the
following day
*An Exchange Circular will be issued in advance of the UK switch
from GMT to BST and further US switch to and from DST to confirm
the altered market opening and closing times.
- Unit of Trading
1,000 barrels (42,000 US gallons).
- Quotation
The contract price is in US Dollars and cents per barrel.
- Minimum Price Fluctuation
One cent ($0.01) per barrel.
- Maximum Price Fluctuation
There are no limits.
- 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.
- Contract Series
Up to 48 consecutive months
- Position Limit
The Exchange may impose position accountability levels or limits on
positions in this contract at its discretion as provided in Rules
P8 and P3 respectively
- Last Trading Day
The last trading day for the ICE NYH (RBOB) Gasoline/Permian WTI
Futures Crack spread is determined by when the expiry date is for
ICE Permian WTI Futures.
- Settlement
Trading the ICE NYH (RBOB) Gasoline/Permian WTI Futures Crack
spread will result in two separate positions in the underlying
futures markets for ICE Permian WTI and ICE NYH (RBOB) Gasoline.
The settlement of each leg will be the respective settlement prices
for both the ICE Permian WTI and ICE NYH (RBOB) Gasoline Futures
contracts as made public by ICE Futures Europe. Upon expiry of the
ICE Permian WTI Futures leg (which is physically delivered),
holders of the ICE NYH (RBOB) Gasoline/Permian WTI Futures Crack
spread trade will then be left with a long or short position in the
ICE NYH (RBOB) Gasoline Futures market which will be settled on
expiry of the relevant underlying ICE NYH (RBOB) Gasoline Futures
contract.
- MIC Code
- IFEU
- Clearing Venues
- ICEU