• Listing Ten (10) New Fixed Price Natural Gas Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6955
      • Notice Date
      • 11 December 2013
      • Effective Date
      • 05 January 2014
    • Effective Sunday, January 5, 2014 for trade date Monday, January 6, 2014, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list ten (10) new fixed price natural gas futuresfor trading on CME Globex and the NYMEX trading floor, and for submission for clearing through CME ClearPort.
       
      Also concurrent with the launch of these contracts and pending all relevant CFTC regulatory review periods, the Exchange will permit block trading pursuant to Rule 526 (Block Trades) in this contract at a block trade minimum threshold of twenty-five (25) contracts.
       
      The contract title, commodity code, rule chapter, and specifications are provided below:
       
       

      Contract Name
      Algonquin Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XAC
      Chapter
      1013
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      February 2014
      Listing Convention
      For Globex, monthly contracts shall be listed for 36 consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      NGPL TexOk Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XNC
      Chapter
      1014
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      February 2014
      Listing Convention
      For Globex, monthly contracts shall be listed for 36 consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      Chicago Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XO
      Chapter
      1015
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      February 2014
      Listing Convention
      For Globex, monthly contracts shall be listed for 36 consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      OneOk, Oklahoma Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XKC
      Chapter
      1016
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      February 2014
      Listing Convention
      For Globex, monthly contracts shall be listed for 36 consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      CIG Rockies Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XIC
      Chapter
      1017
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      February 2014
      Listing Convention
      For Globex, monthly contracts shall be listed for 36 consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      PG&E Citygate Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XQ
      Chapter
      1018
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      February 2014
      Listing Convention
      For Globex, monthly contracts shall be listed for 36 consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      Florida Gas Zone 2 Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XGC
      Chapter
      1019
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      February 2014
      Listing Convention
      For Globex, monthly contracts shall be listed for 36 consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      Florida Gas Zone 3 Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XFC
      Chapter
      1020
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      February 2014
      Listing Convention
      For Globex, monthly contracts shall be listed for 36 consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      Southern Natural Louisiana Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XSC
      Chapter
      1021
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      February 2014
      Listing Convention
      For Globex, monthly contracts shall be listed for 36 consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      Trunkline Louisiana Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XTC
      Chapter
      1022
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      February 2014
      Listing Convention
      For Globex, monthly contracts shall be listed for 36 consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Trading and Clearing Fees:
       

      Exchange Fees
       
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
       
      Pit
      0.40
      0.40
      0.46
      0.52
       
      Globex
      0.40
      0.40
      0.46
      0.52
      0.46
       
      ClearPort
      0.40
      0.52
       
       
      Processing Fees
       
      Member
      Non-Member
       
       
      Cash Settlement
      0.02
      0.02
       
       
      House Acct
      Cust Acct
       
       
      Additional Fees and Surcharges
       
       
      Facilitation Desk Fee
      0.05
       

       
      Please refer questions on this subject to:
      Research and Product Development
      Adila Mchich               Adila.Mchich@cmegroup.com                                   (212) 290-2270
       
      Emily Kwak                 Emily.Kwak@cmegroup.com                                   (212) 290-2394
       
      Products and Services
      Todd Schlaht               Todd.Schlaht@cmegroup.com                                (403)  444-5568                                                                      

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