Micro Henry Hub Natural Gas futures product overview
Micro Henry Hub Natural Gas futures are joining the ever-expanding suite of Micro Energy futures contracts. They provide access to CME Group’s global natural gas benchmark, but with a smaller capital commitment than the traditional Henry Hub contract.
They will be 1/10 the size of the standard Henry Hub Natural Gas futures contract (NG) and provide an additional flexible, cost-effective, and more precise instrument to gain exposure to Henry Hub Natural Gas markets.
Micro Henry Hub Natural Gas futures will have a notional value of one thousand mmBTU times the agreed upon futures price, which is 1/10 the size of the standard Henry Hub Natural Gas futures contract.
The tick increment for Micro Henry Hub Natural Gas futures will be 1/10 of one cent per mmBTU. This makes a one-tick move equivalent to one dollar in Micro Henry Hub Natural Gas futures while a one-tick move is equivalent to $10 in the standard Henry Hub Natural Gas contract.
Monthly contracts will be listed on 24 consecutive months. Micro Henry Hub Natural Gas futures will expire one day prior to the termination of the corresponding contract month of the standard Henry Hub Natural Gas futures contract. They are financially settled, based on the daily settlement price of the corresponding Henry Hub Natural Gas futures contract.
They will be available to trade on CME Globex, Sunday through Friday, nearly 24 hours a day.
Micro Henry Hub Natural Gas futures join the Micro product suite providing additional trading opportunities in the most liquid commodities in the world.