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

Contract Unit 2,500 MMBtu
Price Quotation US dollars and cents per MMBtu; minimum tick is $0.0001
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: PFS
CME ClearPort: PFS
Clearing: PFS
Listed Contracts The current year plus the next five calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month will be equal to the bidweek (average) price ("Bidweek Price") for the Permian Basin found in Platts' Inside FERC ("IFERC") Gas Market Report under the "El Paso Natural Gas Co." 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
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1277
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing