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Henry Hub Natural Gas
Futures and Options
Henry Hub Natural Gas Futures - Contract Specs
| Contract Unit | 10,000 MMBtu |
|---|---|
| Price Quotation | U.S. dollars and cents per MMBtu |
| Trading Hours | CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. /CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) TAS: Sunday - Friday 6:00 p.m. - 2:30 p.m. (5:00 p.m. - 1:30 p.m. CT) CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT |
| Minimum Price Fluctuation | CME Globex: Intercommodity spreads: 0.00025 per MMBtu = $2.50 TAS: Zero or +/- 10 ticks in the minimum tick increment of the outright Outright: 0.001 per MMBtu = $10.00 |
| Product Code | CME Globex: NG CME ClearPort: NG Clearing: NG TAS: NGT |
| Listed Contracts | Monthly contracts listed for the current year and the next 12 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. |
| Settlement Method | Deliverable |
| Termination of Trading | Trading terminates on the 3rd last business day of the month prior to the contract month. |
| TAM or TAS Rules | Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price. TAS Table |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Grade and Quality | Natural Gas meeting the specifications set forth in the FERC-approved tariff of Sabine Pipe Line Company as then in effect at the time of delivery shall be deliverable in satisfaction of futures contract delivery obligations. |
