SDX Commodities Help > CM Market Conventions > Market Conventions for Trading Asian Options and Swaps

Market Conventions for Trading Asian Options and Swaps

This section lists the market conventions for trading Asian options and swaps.

Table 1: Asian conventions

Commodity

Begin date

End date

Fixing basis

Settlement for strips

Typical monthly volume

Crude oil (WTI)

1st of month

Last of month

Daily

Monthly

25,000 brl

Heating oil

1st of month

Last of month

Daily

Monthly

400,000 gln

Unleaded gasoline

1st of month

Last of month

Daily

Monthly

400,000 gln

Natural gas

1st of month

Last of month

Daily

Monthly

300,000 mmBtu

Brent crude oil

1st of month

Last of month

Daily

Monthly

25,000 brl

Gas oil

1st of month

Last of month

Daily

Monthly

5,000 ton

Base metals

1st of month

Last of month

Daily

Monthly

2,500 ton

 

Table 2: Swap Conventions

Commodity

Begin date

End date

Fixing basis

Settlement

Typical monthly volume

Crude oil (WTI)

1st of month

Last of month

Daily

Monthly

25,000 brl

Heating oil

1st of month

Last of month

Daily

Monthly

400,000 gln

Unleaded gasoline

1st of month

Last of month

Daily

Monthly

400,000 gln

Natural gas

1st of month

Last of month

Exchange

Monthly

300,000 mmBtu

Brent crude oil

1st of month

Last of month

Daily

Monthly

25,000 brl

Gas oil

1st of month

Last of month

Daily

Monthly

5,000 ton

Base metals

1st of month

Last of month

Daily

Monthly

2,500 ton

 

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