• Trade by Day Functionality for HBI

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      • Clearing Member Firms; Back Office Managers
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      • CME Clearing
      • #
      • 14-110
      • Notice Date
      • 17 March 2014
      • Effective Date
      • 17 March 2014
    • Beginning March 16, 2014 for trade date March 17, 2014, the HBI (Henry Hub Combo Futures) listed on Globex will be modified to have the trade-by-day functionality similar to NN (Henry Hub Natural Gas Last Day Financial Futures).  This functionality calculates the cleared quantity by multiplying the number of contracts entered by the number of days in the contract month.

       

      ·        For a January contract, entering a Quantity of 1 will result in 31 cleared contracts.

      ·        For a February contract, entering a Quantity of 1 will result 28 (or 29) cleared contracts.

      ·        For April, 30 contracts, etc.

       

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      CME Clearing

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