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Houston Ship Channel 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)
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: HIP
CME ClearPort: IP
Clearing: IP
Listed Contracts CME Globex 24 Consecutive Months
CME ClearPort: 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 Houston Ship Channel Midpoint ("Midpoint") minus the Platts Inside FERC's Gas Market Report ("Platts IFERC") Houston Ship Channel Index ("Index") published in the table titled "Market Center Spot-Gas Prices" for the corresponding contract month calculated for all 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 703
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing