- Trading Screen Product Name
- Crude Diff Futures (ICE Trade Month)
- Trading Screen Hub Name
- HOU/WTI TM
- Contract Symbol
HOI
- 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
Trading in the current delivery month shall cease at the end of the
designated settlement period on the third Business Day prior to the
twenty-fifth calendar day of the month preceding the delivery
month. If the twenty-fifth calendar day of the month is a
Non-Business Day, trading shall cease at the end of the designated
settlement period on the third Business Day prior to the last
Business Day preceding the twenty-fifth calendar day.
- 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 Futures contract and
the average of the settlement prices as made public by NYMEX for
the front month WTI Future contract for each business day (as
specified below) in the determination period.
Common pricing applies
- Contract Series
Up to 96 consecutive months, or as otherwise determined by the
Exchange.
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Position Limit
Specified in Table 2 to Chapter 19—see IFUS website
- Business Days
Nymex Business Days
- MIC Code
- IFED
- Clearing Venues
- ICEU