Asset Class Navigation

MichCon Natural Gas (Platts IFERC) Fixed Price Futures Contract Specs

Product Symbol MFS
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 ET (8:00 AM to 1:30 PM CT)
Contract Size 2,500
Price Quotation US dollars and cents per MMBtu; minimum tick is $0.0001
Minimum Fluctuation $0.0001 per MMBtu
Floating Price The Floating Price for each contract month will be equal to the bidweek (average) price ("Bidweek Price") for the Mich Con citygate found in Platts’ Inside FERC ("IFERC") Gas Market Report under the "Upper Midwest" heading in the "index" column of the table entitled "Prices of Spot Gas Delivered to Pipelines" for the corresponding contract month.
Termination of Trading Contract terminates on the last business day of the month prior to the contract month
Listed Contracts CME Globex: 36 consecutive calendar months. CME ClearPort and Floor: Current year plus next five years.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1285
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.