Contract Specifications for NYMEX NY Harbor ULSD Futures (HO)
|EXCHANGE||Chicago Mercantile Exchange (CME)|
|PRODUCT CODE||CME Globex: HO
CME ClearPort: HO
(ALL TIMES ARE NEW YORK TIME/ET)
Sunday – Friday 6:00 pm – 5:00 pm (5:00 pm – 4:00 pm Chicago Time/CT) with a 60-minute break each day beginning at 5:00 pm (4:00 pm CT)
CME Clear Port:
|CONTRACT UNIT||42,000 gallons|
|PRICE QUOTATION||U.S. dollars and cents per gallon|
|MINIMUM PRICE FLUCTUATION||$0.0001 per gallon ($4.20 per contract)|
|PRICE LIMIT OR CIRCUIT||NYMEX 150|
|TERMINATION OF TRADING||Trading in a current month shall cease on the last business day of the month preceding the delivery month.|
|TRADE AT MARKER OR TRADE AT SETTLEMENT RULES||
Trading at settlement is available for spot (except on the last trading day), 2nd, 3rd and 4th months and subject to the existing TAS rules. Trading in all TAS products will cease daily at 2:30 PM Eastern Time. The TAS products will trade off of a “Base Price” of 0 to create a differential (plus or minus 10 ticks) versus settlement in the underlying product on a 1 to 1 basis. A trade done at the Base Price of 0 will correspond to a “traditional” TAS trade which will clear exactly at the final settlement price of the day.
TAM trading is analogous to our existing Trading at Settlement (TAS) trading wherein parties will be permitted to trade at a differential that represents a not-yet-known price. TAM trading will use a marker price, whereas TAS trading uses the Exchange-determined settlement price for the applicable contract month. As with TAS trading, parties will be able to enter TAM orders at the TAM price or at a differential between one and ten ticks higher or lower than the TAM price. Trading at marker is available for spot month on the last trading day.
NY Harbor ULSD Futures (HO) spot, 2nd and 3rd months and nearby/second month, second/third month and nearby/third month calendar spreads.
|SETTLEMENT PROCEDURES||Heating Oil Futures Settlement Procedures|
|LISTED CONTRACT||Current Year + 3 Years + 1 Month|
|DELIVERY PERIOD||Please see rulebook chapter 150|
|POSITION LIMITS||NYMEX Position Limits|
|EXCHANGE RULEBOOK||NYMEX 150|
|VENDOR CODES||Quote Vendor Symbols Listing|
|BLOCK MINIMUM||Block Minimum Thresholds|
This page was last updated: November 05, 2015
- Are you a trader? We recommend you to take a look at our Daily Market Commentaries on Futures and Equities.
- Currently looking for a Direct Market Access broker? We provide Online Trading Software for you to do so. Find out more here.
- Open Futures Trading Account
- Transfer Active Account
- Request Custom Rate Quote
- Speak with a Licensed CMSR
We send occasional priority information on products, contests, promotions and events throughout the year. To receive our newsletters, sign-up here: