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Transco Zone 6 Non-N.Y. Natural Gas (Platts IFERC) Basis Futures Contract Specs

Product Symbol TZ6
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 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 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.
Listed Contracts Globex:36 consecutive months ClearPort & Floor: The current year and the next five years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1295
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.