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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.

Onyx Markets Gasoline RBOB First Line ($/0.01) Gasoline N. America – Commodity SB

RBOB First Line ($/0.01) Gasoline N. America – Commodity SB

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Name & Trade Code

Contract Name RBOB First Line ($/0.01)
MT5 Code RBOB_First_Line.sb
Contract Classification Commodity SB
Geographical Region N. America

Contract Specification

Sector Energy
Product Group Gasoline
Tenor Period Up to 24 consecutive forward Tenor Periods available
Maximum Forward Tenor Up to 24 consecutive forward Tenor Periods available
Contract Size 100
Contract Unit
Trading Price Quote c/gal
Price Digits 2
Currency USD
Tick Value 1
Tick Size 0.01
Minimum Volume 0.42
Volume Steps [Lots] 0.02
Settlement Arithmetic mean of Settlement Prices throughout expiry month
Margins View document

Expiry Trading Overview

Contract Expiry Date The last trading day of the expiring Tenor Period (i.e. 31 March 2025 for Mar 25 Tenor Period)
Last Trading Day (for new open positions) Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 24 March 2025 for Mar 25 Tenor Period)
Last Trading Day (for closing position in that Tenor Period) The Contract Expiry Date of the relevant Tenor Period

Tenor Period Settlement Valuation Process

Open Volume The net open volume for the expiring Tenor Period
Daily Settlement Value Market-on-Close – The daily settlement assessment time, e.g. 4:30 pm for European contracts
Daily Settlement Volume Each day during Tenor Period, the remaining Open Volume reduces by the equivalent of 1/ (number of pricing days in the Tenor Period, including today if prior to Market-on-Close) and be settled at Daily Settlement Value
Final Settlement Price Arithmetic mean of Settlement Prices throughout expiry month
MOC Haircut

Contract Overview

RBOB First Line is a Commodity Spread Bet contract for gasoline traded in North America. This contract provides exposure to the price movements of RBOB (Reformulated Blendstock for Oxygenate Blending) gasoline, which is a benchmark for gasoline trading in the United States.

Contract Purpose

This outright contract allows market participants to:

  • Gain direct exposure to the price of RBOB gasoline in North America
  • Hedge against price fluctuations in the North American gasoline market
  • Speculate on the future price direction of RBOB gasoline

Market Significance

  • Benchmark Status: Serves as a key pricing point for gasoline futures in North America
  • Seasonal Indicator: Reflects the impact of seasonal demand patterns on gasoline prices
  • Regional Indicator: Provides insights into supply and demand dynamics for gasoline in the North American market

Trading Benefits

  • Price Discovery: Offers a transparent mechanism for determining the price of RBOB gasoline based on actual supply and demand
  • Risk Management: Allows hedging against price volatility in the gasoline market
  • Market Access: Provides exposure to one of North America’s most important gasoline futures contracts

This contract is particularly valuable for refineries, fuel distributors, transportation companies, and commodity traders active in the gasoline market. It offers a tool for managing price risks and implementing trading strategies related to RBOB gasoline in North America, with high liquidity and accessibility through the MT5 platform.

Conclusion

The RBOB First Line Gasoline N. America – Commodity SB provides a valuable tool for traders and hedgers interested in the North American gasoline market. Its standardised contract specifications and cash settlement mechanism make it an accessible instrument for various market participants.