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Transco Zone 6 Non-N.Y. Natural Gas (Platts IFERC) Basis 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)
Open Outcry: Monday - Friday 9:00 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
Minimum Price Fluctuation $0.0001 per MMBtu
Product Code CME Globex: TZ6
CME ClearPort: TZ6
Open Outcry: TZ6
Clearing: TZ6
Listed Contracts Globex:36 consecutive months ClearPort & Floor: The current year and the next five years
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month will be equal to the bidweek price (average) for the Transco Zone 6 Non-N.Y. under the Northeast heading found in Platts Inside (FERC) Gas Market Report, “Market Center Spot Gas Prices” 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.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1295
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing