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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
Gulf Coast Gasoline futures are traded on the New York Mercantile Exchange under ticker symbol LR in U.S dollars and cents per barrel.[1]
The chart at left shows front-month Gulf Coast Gasoline Futures prices on the New York Mercantile Exchange in dollars per gallon.
Delivery Dates
Gulf Coast Gasoline futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]
The following is a table with Gulf Coast Gasoline futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.
| Delivery Month | Full Ticker Symbol | Thomson-Reuters Symbol |
| January, 2009 | LRF9 | LR/F9-NM |
| February, 2009 | LRG9 | LR/G9-NM |
| March, 2009 | LRH9 | LR/H9-NM |
| April, 2009 | LRJ9 | LR/J9-NM |
| May, 2009 | LRK9 | LR/K9-NM |
| June, 2009 | LRM9 | LR/M9-NM |
| July, 2009 | LRN9 | LR/N9-NM |
| August, 2009 | LRQ9 | LR/Q9-NM |
| September, 2009 | LRU9 | LR/U9-NM |
| October, 2009 | LRV9 | LR/V9-NM |
| November, 2009 | LRX9 | LR/X9-NM |
| December, 2009 | LRZ9 | LR/Z9-NM |
Contract Specifications
Contract Size
One Gulf Coast Gasoline futures contract on the New York Mercantile Exchange is 1,000 U.S. barrels (42,000 gallons).[1]
Tick Value
$0.0001 per gallon[1]
Daily Price Limit
None.[1]
Trading Hours
- On the CME Globex electronic platform: 6:00 PM until 5:15 PM, Sunday through Friday. There is a 45-minute break each day between 5:15 PM (current trade date) and 6:00 PM (next trade date), New York Time.[1]
- Open Outcry (pit session): 9:05 AM until 2:30 PM, New York Time.[1]
Last Trading Day
Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading shall cease on the third business day prior to the business day preceding the 25th calendar day.[1]
Deliverable Grades
The deliverable grade is Colonial Pipeline’s M2 conventional gasoline in the summer season, and follows the Colonial Pipeline schedule for the lowest fungible M grade in the winter season.[1]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 [ http://www.nymex.com/LR_spec.aspx The New York Mercantile Exchange's contract specification for Gulf Coast Gasoline futures]
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