NYMEX RBOB Gasoline Futures
From MarketsWiki
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| RBOB Gasoline futures | ||
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| Exchange | NYMEX | |
| Settlement | Physically delivered | |
| Trade Unit | 42,000 U.S. gallons (1,000 barrels) | |
| Point Value | $0.0001 per gallon | |
| Tick Value | $4.20 | |
| Contract Months | 36 consecutive months on a rolling basis. | |
| Last Trading Day | Trading terminates at the close of business on the last business day of the month preceding the delivery month. | |
| Open Outcry | Electronic | |
| Trading Hours | Open outcry trading is conducted from 9:00 AM until 2:30 PM. | Electronic trading is conducted from 6:00 PM until 5:15 PM Eastern Time, via the CME Globex trading platform, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date). |
| Ticker Symbol | N/A | N/A |
| Price Limits | $0.25 per gallon ($10,500 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $0.25 per gallon in either direction. If another halt were triggered, the market would continue to be expanded by $0.25 per gallon in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session. | $0.25 per gallon ($10,500 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $0.25 per gallon in either direction. If another halt were triggered, the market would continue to be expanded by $0.25 per gallon in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session. |
