On Monday February 7, 2011, CME Group will introduce a new class of Delivered Natural Gas futures, starting with futures on gas delivered at the Pine Prairie Energy Center (PPEC), a gas storage and hub facility. This new class of futures will provide physical gas market participants with a uniquely valuable set of benefits.
These are NYMEX products. They will trade on CME Globex, and privately-negotiated trades will be submitted through CME Clearport. The contract size will be 2,500 MMBtu per day, and the minimum price fluctuation will be 0.0025 USD per MMBtu.
For more information, please see the web page for the new products at: http://www.cmegroup.com/trading/energy/delivered-natural-gas-futures.html
The New Product Advisory Notice 11-09 is at:
Special Executive Report 5589, published January 21, is at:
Any questions can be referred to the Clearing House Deliveries Team at firstname.lastname@example.org or 312-930-5640.
Please note that this advisory was updated and replaced on August 18, 2011 by Advisory 11-289. The link above now goes to the updated advisory.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.