 |
|
|
| Trading Unit |
|
| 2,500 million British thermal units (mmBtus). The number of contracts traded must be in multiples consistent with number of calendar days in the contract month (between 28 and 31). |
|
| Price Quotation |
|
| U.S. dollars and cents per million Btus. Because this contract is priced on the differential between natural gas prices at the Henry Hub in Louisiana and the Tennessee 500 leg index, it can be quoted as either a positive or negative number. |
|
| Trading Hours (All times are New York time) |
|
| The contract is available for trading on the NYMEX ClearPort® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM. Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday. |
|
| Minimum Price Fluctuation |
|
| The minimum trade fluctuation is $0.0025, and settlement fluctuations are in increments of $0.0001. |
|
| Trading Months |
|
| The current year plus five consecutive years. |
|
| Last Trading Day |
|
| The last business day prior to the contract month. |
|
| Settlement |
|
| Financial, based on the Inside FERC Gas Market Report Tennessee 500 leg index price minus the final settlement price of the Exchange natural gas futures contract for the corresponding month. |
|
| Trading Symbol |
|
| NM |
|