• Listing of Henry Hub Combo Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6947
      • Notice Date
      • 10 December 2013
      • Effective Date
      • 12 January 2014
    • Effective Sunday, January 12, 2014 for trade date Monday, January 13, 2014, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the Henry Hub Combo futurescontract for trading on CME Globex and the NYMEX trading floor, and for submission for clearing through CME ClearPort.
       
      Also concurrent with the launch of this contract and pending all relevant CFTC regulatory review periods, the Exchange will permit block trading pursuant to Rule 526 (Block Trades) in this contract at a block trade minimum threshold of twenty-five (25) contracts.
       
      The contract title, commodity code, rule chapter, and specifications are provided below:
       

      Contract Name
      Henry Hub Combo Futures
      Commodity Code
      HBI
      Chapter
      818
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      The contract shall terminate on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      February 2014
      Listing Convention
      CME Globex, CME ClearPort, and Open Outcry: Monthly contracts shall be listed for 36 consecutive calendar months.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Trading and Clearing Fees:
       

      Exchange Fees
       
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
       
      Pit
      0.54
      0.54
      $0.61
      $0.67
       
       
      Globex
      0.54
      0.54
      0.61
      0.67
      0.61
       
      ClearPort
      $0.54
      $0.67
       
       
      Processing Fees
       
      Member
      Non-Member
      Cash Settlement
      0.02
      0.02
      *
      Additional Fees and Surcharges
      Facilitation Desk Fee
      $0.05

       
       
       
      Please refer questions on this subject to:
      Research and Product Development
       
      Adila Mchich               Adila.Mchich@cmegroup.com                                  (212) 290-2270
      Emily Kwak                Emily.Kwak@cmegroup.com                                    (212) 290-2394
       
      Products and Services
      Todd Schlaht               Todd.Schlaht@cmegroup.com                                 (403) 444-5568