Trading DME Contracts

Dubai Crude Oil (Platts) Futures (DCD)

Trading Unit
 
1,000 U.S. barrels (42,000 gallons)
 

Price Quotation
 
U.S. dollars and cents per barrel
 

Trading Symbol on Globex
 
Globex Thomson Reuters Bloomberg
DCD 0#1DCD: DKIA
 

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.
 

Trading Months
 
36 months
 

Minimum Price Fluctuation
 
$0.001 per barrel ($1.00 per contract)  on CME Clearport and $0.01 per barrel ($10.00 per contract) on CME Globex
 

Maximum Daily Price Fluctuation
 
None
 

Daily Settlement
 
The Floating Price for each contract month is the mid-point of the high and low quotations from the Platts Oilgram Price Report for front-month Dubai Crude Oil for each Trading Day during the contract month.

 


Floating Price

For purposes of determining the Floating Price, the Platts Dubai Frontline mean will be rounded each day to the nearest cent.

 


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
 
 

Governing Law
 
English Law
 

Holidays

Please visit the DME holiday calendar at http://dubaimerc.com/trading-hours-and-holiday-calendar and the Platts trading schedule at http://www.platts.com/


Disclaimer

PlattsTM is a trademark of McGraw-Hill Financial, Inc. and has been licensed for use by DME. The Dubai Crude Oil (Platts) Futures Contract is not sponsored, endorsed, sold or promoted by PLATTS and PLATTS makes no representation regarding the advisability of buying, selling and/or investing in the Dubai Crude Oil (Platts) Futures Contract.