| Trading Unit | 1,000 U.S. barrels (42,000 gallons) | ||||||
|---|---|---|---|---|---|---|---|
| Price Quotation | U.S. dollars and cents per barrel | ||||||
| Trading Symbol on Globex |
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| Trading Hours |
Electronic trading is open from 1600 North American Central Standard Time / Central Daylight Time (CST/CDT) Sundays and from 1645 CST/CDT Monday to Thursday and closes at 1600 CST/CDT the next day, Monday to Friday.
Singapore is 14 hours ahead of CST and Dubai is 10 hours ahead. The time difference is reduced by one hour when CDT is in effect. Neither Dubai nor Singapore observe Daylight Savings Time. |
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| Trading Months | The current month and the next two months will be listed. | ||||||
| Minimum Price Fluctuation | $0.01 (1) per barrel ($10.00 per contract) | ||||||
| Maximum Daily Price Fluctuation | None | ||||||
| Daily Settlement | The Floating Price for each contract month is equal to the balance-of-month of the GME Oman Crude Oil Futures Contract Marker Price for the contract month that is the first nearby month starting from the selected start date through the end of the contract month, inclusively. The Marker Price shall be calculated as of 16:30 (Singapore time) for each Trading Day that such Marker Price is determined. | ||||||
| Final Settlement Price | Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month. | ||||||
| Last Trading Day | Trading in the nearby Contract Month shall cease on the last Trading Day of the contract month. | ||||||
| Settlement Type | Financial | ||||||
| Rulebook Chapter | Chapter 26 – GME Oman Crude Oil BALMO Futures Contract | ||||||
| Governing Law | English Law | ||||||
| Holidays | Please visit the GME holiday calendar at Calender Page |
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