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ICE Futures U.S.

Gasoline Outright - Argus Gulf Coast CBOB A Future

Description

A monthly cash settled future based on the Argus daily assessment price for Gulf Coast CBOB A.

Market Specifications

Trading Screen Product Name
Gasoline Futures
Trading Screen Hub Name
Argus GC CBOB A
Contract Symbol
CBC
Contract Size
1,000 bbls (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 trading 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 average of the mean of the high and low quotations appearing in the "Argus US Products" report under the heading “Gasoline” subheading “Gulf Coast” and “Colonial” for “Reg CBOB A” prompt cycle for each business day (as specified below) in the determination period.
Contract Series
Up to 48 consecutive months, or as otherwise determined by the Exchange
Final Payment Date
Two Clearing House Business Days following the Last Trading Day in the determination period.
Business Days
Publication days for Argus US Products
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
Singapore8:50 AM - 7:00 AM*
08:50 - 07:00
8:40 AM
08:40

*Next Day

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

Codes

Clearing Admin Name
Am Ref bbl
Physical
CBC
Logical
CBC
GMI (FC)
ION A.C.N.
Symbol Code
CBC