| Transco Zone 6 Natural Gas (Platts IFERC) Basis Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: NZN CME ClearPort: NZ Open Outcry: NZ |
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| 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 (8:00 AM to 1:30 PM CT) | ||||
| Contract Unit | 2,500 MMBtu | ||||
| Price Quotation | U.S. dollars and cents per MMBtu | ||||
| Minimum Fluctuation | $0.0001 per MMBtu | ||||
| Floating Price | The Floating Price for each contract month will be equal to the Platts Inside FERC's Gas Market Report ("Platts IFERC") Transco Zone 6 Index ("Index") published in the table titled "Market Center Spot-Gas Prices" in the first regular issue of the contract month minus the NYMEX (Henry Hub) Natural Gas Futures contract final settlement price for the corresponding contract month. | ||||
| Termination of Trading | Trading shall cease on the last business day of the month prior to the contract month. | ||||
| Listed Contracts | 72 consecutive months | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 521 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||