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Henry Hub Natural Gas Look-Alike Last Day Financial 
 

Henry Hub Natural Gas Last Day (Financial) futures are an outright natural gas contract between a buyer and a seller that offers opportunities for risk management of the highly volatile pricing of natural gas. The contract also:

  • Is widely used as a national benchmark price for natural gas
  • Is the second-highest volume futures contract in the world based on a physical commodity
  • Reflects a vigorous market based on the pricing relationships between Henry Hub and other important natural gas market center in the continental United States and Canada.

Things to know:

  • Traded via open outcry
  • Financially settled, based on the Henry Hub natural gas futures (NG) first nearby contract settlement price on the last trading day for the delivery month
  • Trading at settlement is available for the front two months, subject to the existing TAS rules of the underlying respective physical products
  • Option types: American, calendar spread, European, daily

About Natural Gas
Natural gas accounts for almost a quarter of U.S. energy. There is a vigorous basis market based on the pricing relationships between Henry Hub and other important natural gas market centers in the continental United States and Canada.