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Algonquin City-Gates Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures Contract Specs

Contract Unit 2,500 MMBtu
Price Quotation U.S. dollars and cents per MMBtu
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday - Friday 9:00 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Minimum Price Fluctuation $0.0001 per MMBtu
Product Code CME Globex: N7
CME ClearPort: N7
Open Outcry: N7
Clearing: N7
Listed Contracts CME Globex 24 Consecutive Months
CME ClearPort and Open Outcry 36 Consecutive Months
DEFAULT 36 Consecutive Months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month will be equal to the arithmetic average of the Platts Gas Daily Algonquin, City-Gates Midpoint ("Midpoint") minus the Platts Inside FERC's Gas Market Report ("Platts IFERC") Northeast, Algonquin City-Gates Index ("Index") published in the Platts IFERC publication under table titled "Market Center Spot Gas Prices" for the corresponding contract month calculated for all Gas Daily Flow Dates during the contract month and rounded to the nearest hundredth of a cent. For purposes of this chapter, “Flow Date” shall mean a calendar date that corresponds to a published price used for determining the Floating Price.
Termination Of Trading Trading shall cease on the last business day of the month prior to the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 457
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing