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ICE Futures U.S.

Crude Diff – Midland WTI American Gulf Coast 1st Line vs WTI 1st Line Future

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Description

A monthly cash settled future based on the ICE settlement price for Midland WTI American Gulf Coast 1st Line Future and the ICE settlement price for WTI 1st Line Future.

Market Specifications

Trading Screen Product Name
Crude Diff Futures
Trading Screen Hub Name
Midland WTI 1st Line/WTI 1st Line
Contract Symbol
HOW
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
Last Trading Day of the contract month
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 Future contract and the average of the settlement prices as made public by ICE for the front month ICE WTI Future contract for each business day (as specified below) in the determination period.
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
Business Days
ICE Business Days
MIC Code
IFED
Clearing Venues
ICEU

Related Products

Trading Hours

CityTradingPre-Open
New York8:50 PM - 6:00 PM
20:50 - 18:00		8:40 PM
20:40
London12:50 AM - 11:00 PM
00:50 - 23:00		12:40 AM
00:40
Singapore8:50 AM - 7:00 AM
08:50 - 07:00		8:40 AM
08:40

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Am Crude Diffs
Physical
HOW
Logical
HOW
GMI (FC)
O/
ION A.C.N.
Symbol Code
HOW