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Dawn Natural Gas (Platts IFERC) Basis Futures Contract Specs

Product Symbol CME Globex: ADW
CME ClearPort: DW
Open Outcry: DW
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (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)
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (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 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 2,500 MMBtu
Price Quotation U.S. dollars and cents per MMBtu
Minimum Fluctuation $0.0001 per MMBtu
Floating Price The Floating Price for each contract month will be equal to the Platts Inside FERC's Gas Market Report ("Platts IFERC") Dawn, Ontario Index ("Index") published in the table titled "Market Center Spot Gas Prices" in the first regular issue of the contract month minus the NYMEX (Henry Hub) Natural Gas Futures contract final settlement price for the corresponding contract month.
Termination of Trading Trading shall cease on the last business day of the month prior to the contract month.
Listed Contracts CME Clearport and Open Outcry: 36 consecutive months
CME Globex: 1 consecutive month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 808
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.