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Florida Gas, Zone 2 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: NCN
CME ClearPort: C3
Open Outcry: C3
Clearing: C3
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 Florida Gas, Zone 2 Midpoint ("Midpoint") minus the Platts Inside FERC's Gas Market Report ("Platts IFERC") Florida Gas Transmission Co. Zone 2 Index ("Index") published in the Platts IFERC publication under table titled “Prices of Spot Gas Delivered to Pipelines” 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 441
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing