Trading

Venues

Observation

Generic

Bullet (EXP, PEN)

Bullet observation
Event Calendar MT-2 MT-1 Delivery month
23 24 25 26 27 28 29 30 31 01 02 03 04 21 22 23 24 25 26 27 28 29 30 01 02 03 04 08
Delivery Physical
Fixing ICE Brent PEN
Nymex WTI EXP
Settlement Cash Last flow date + 05 BD

Contract Month Average (CMA)

Contract month average
Event Calendar MT-1 Contract month MT+1
30 31 01 02 03 08 09 10 11 12 13 14 15 16 17 18 25 26 27 28 29 30 01 02 03 04 08
Delivery Physical Can be any date of the contract month
Fixing Index @ Fix
Settlement Cash

Balance of month, Balmo (BOM)

Balance of month
Event Calendar MT-1 Contract month MT+1
30 31 01 02 03 08 09 10 11 12 13 14 15 16 17 18 25 26 27 28 29 30 01 02 03 04 08
Delivery Physical System date Outstanding dates within the contract month
Fixing Index @ Fix
Settlement Cash

Physical bulk

Bulk delivery, 5 Days around Bill of Lading (BL05_23)

Around Bill of Lading
Event Calendar MT-1 Delivery month
30 31 01 02 03 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Delivery Physical
Fixing Benchmark
Settlement Cash

Oil pricing

Brent complex

Brent complex
Month MT+0 MT+01 MT+02 MT+03 MT+04
Day 20 21 22 23 24 25 26 27 28 29 30 31 01 02 03 04 05 06 ... 19 20 21 22 23 24 25 26 27 28 29 30 01 02 03 ... 29 30 31 01 02 ... 30 01 02
Dated DTD MT+1
.
... DTD MT+2 ...
BFOE FWD Mo01
FWD Mo 02
CFD WK+1 WK+2 ... WK+5 WK+6
FWD Mo 03
Future FUT 1st Line EXP NDX

WTI Formula

WTI Formula
MT+0 MT+1 (Front, Prompt)
16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 01 02 03 04 05 06
Physical Scheduling deadline Trade month, prompt
Nymex WTI Opt.
expiry
Fut.
expiry
Dlv.
start
Contract month CMA (Merc or Calendar days)

Trade Month Average (TMA)

Trade month average
Event Calendar MT-2 MT-1 Flow month
23 24 25 26 27 28 29 30 31 01 02 03 04 21 22 23 24 25 26 27 28 29 30 01 02 03 04 08
Delivery Physical
Fixing Index @ Fix
Settlement Cash Last flow date + 05 BD


CA oil pricing

NGX - 1A, 1B
NGX 1 Average
Event Calendar NOS-1 NOS NOS+1 Flow month
18 19 20 21 22 30 31 01 02 03 15 16 17 18 19 20 21 22 28 29 30 01 02 03 04 08
Delivery Physical
Fixing Index @ Fix
Settlement Cash Last flow date + 05 BD
NGX - 2A, 2B
NGX 2 Average
Event Calendar NOS-1 NOS NOS+1 Flow month
18 19 20 21 22 30 31 01 02 03 15 16 17 18 19 20 21 22 28 29 30 01 02 03 04 08
Delivery Physical
Fixing Index @ Fix
Settlement Cash Last flow date + 05 BD

US gas pricing

Basis Swap

Basis swap
Event Calendar MT-1 Bidweek Delivery month MT+1
23 24 25 26 27 28 29 30 31 01 02 03 04 21 22 23 24 25 26 27 28 29 30 01 02 03 04 08
Delivery Physical
Fixing + Pipe IFerc Publication
- NG Nymex Expiry
Settlement Cash

Index Swap

Index swap
Event Calendar MT-1 Bidweek Delivery month MT+1
23 24 25 26 27 28 29 30 31 01 02 03 04 21 22 23 24 25 26 27 28 29 30 01 02 03 04 08
Delivery Physical
Fixing + Pipe Gas Daily
- Pipe IFerc Publication
Settlement Cash

Swing Swap

Swing swap
Event Calendar MT-1 Bidweek Delivery month MT+1
23 24 25 26 27 28 29 30 31 01 02 03 04 21 22 23 24 25 26 27 28 29 30 01 02 03 04 08
Delivery Physical
Fixing Pipe Gas Daily @ Fix
Settlement Cash