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Crude Diff – Midland WTI American Gulf Coast 1st Line vs Dubai 1st Line (Platts) Future72265854

ICE Futures U.S.

Crude Diff – Midland WTI American Gulf Coast 1st Line vs Dubai 1st Line (Platts) Future

Description

A monthly cash settled future based on the ICE settlement price for Midland WTI American Gulf Coast 1st Line Future and the Platts daily assessment price for prompt Dubai.

Market Specifications

Trading Screen Product Name
Crude Diff Futures
Trading Screen Hub Name
Midland WTI 1st Line/Dubai 1st Line (Platts)
Contract Symbol
HOX
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 tenth of one cent ($0.001) per barrel
Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
Last Trading Day
Last Trading Day of the contract month
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the settlement prices as made public by ICE for the front month Midland WTI American Gulf Coast Future contract and the average of the “Mid” quotations appearing in “Platts Crude Oil Marketwire” under the heading “Key benchmarks ($/barrel)” for “Dubai” for each business bay (as specified below) in the determination period.
Contract Series
Up to 60 consecutive months, or as otherwise determined by the Exchange
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Platts Crude Oil Marketwire and ICE
MIC Code
IFED
Clearing Venues
ICEU

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

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Am Crude Diffs
Physical
HOX
Logical
HOX
GMI (FC)
O\
Symbol Code
HOX