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ICE Futures Europe

ICE (RBOB) Gasoline Last Day Future

Description

The ICE RBOB Gasoline Last Day Future is used for the purposes of settling the ICE RBOB Gasoline Last Day TAS Future

The ICE RBOB Gasoline Last Day Futures Contract is cash settled and designed to appeal to both physical and financial traders. In addition, offsetting of margins with other ICE Futures Oil Contracts ensures that a Member's collateral is used effectively when trading ICE Futures Oil Contracts

Market Specifications

Trading Screen Product Name
(RBOB) Gasoline Futures
Trading Screen Hub Name
NYH (RBOB) LD
Contract Symbol
NLD
Contract Size
1,000 barrels (42,000 gallons)
Unit of Trading
Any multiple of 1,000 barrels (42,000 gallons)
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
Trading shall cease at the end of the designated settlement period on the US business day of the month preceding the delivery month where a US business day is a day on which NYMEX is opened for business
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
The ICE RBOB Gasoline Last Day Futures Contract is cash settled against the prevailing market price for RBOB Gasoline in New York Harbour. The cash settlement price is an amount equal to the settlement price of the NYMEX New York Harbor Gasoline Blendstock (RBOB) Futures Contract
Contract Series
Up to 50 consecutive months
Markers
TAS (Trade at Settlement)
Final Payment Date
Two Clearing House Business Days following the Last Day in the determination period.
Business Days
ICE Business Days
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:45 PM
19:45
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:45 AM
00:45
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:45 AM
07:45

*Next Day

Codes

Clearing Admin Name
ICE RBOBGas
Physical
NLD
Logical
UHU
GMI (FC)
ION A.C.N.
Symbol Code
NLD