HENRY HUB NATURAL GAS - OVERVIEW

Manage risk using highly liquid Henry Hub Natural Gas futures and options. Quickly get in and out of positions with the third largest physical commodity futures contract in the world by volume, or customize your trading strategies with American, calendar spread, European or daily options.

Latest Energy news

Features and benefits

Deep, liquid market

400K contracts are traded daily, with 1.4M of open interest.

Capital efficiency

Control a large contract value with a small amount of capital. Used properly, it's a powerful way to increase capital efficiency.

Physical settlement

NYMEX NG futures are closely connected to the spot market, reducing slippage.

Trading-at-Settlement

Natural Gas TAS spreads (NGT) are now available on NYMEX in any spread combination for the first 12 consecutive monthly contracts.

Global benchmark

Natural Gas is the world's 3rd largest physical commodities futures contract, with use growing in South America, Asia and Europe.

Nearly 24-hour electronic access

Get around-the-clock trading via the CME Globex, CME ClearPort venues and Trayport Joule Direct. 

Explore this product in depth

Review contract highlights

Contract Unit

10,000 MMBtu

Price Quotation

U.S. dollars and cents per MMBtu

Product Code

CME Globex: NG
CME ClearPort: NG
Clearing: NG

TAS: NGT

Trading Hours

CME Globex:
Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each …

PRODUCTS

UCO and UCOME Futures

To support the transition to a greener energy market for transportation fuels, CME Group’s NYMEX is now offering four futures contracts for Used Cooking Oil (UCO) and Used Cooking Oil Methyl Ester (UCOME).­

Market access

Hedge your Natural Gas needs with our suite of complementary products, featuring a variety of contract sizes and settlement options, including financial futures, basis and monthly, weekly and daily options.

Product Name Product Size (Globex) Globex Code CQG TT Bloomberg

Natural Gas (Henry Hub) Physical Futures

10,000 mmBtu per month NG NGE NG NGA Comdty

Natural Gas (Henry Hub) Last-day Financial Futures

10,000 mmBtu per month HH HHT HH IWA Comdty

Natural Gas (Henry Hub) Penultimate Financial Futures

10,000 mmBtu per month HP HPT HP ZAA Comdty

Henry Hub Natural Gas Last Day Financial Futures

2,500 mmBtu per day NN NGS NN NRA Comdty

Henry Hub Natural Gas Last Day Financial Futures

2,500 mmBtu per month NNE   NNE  

Henry Hub Penultimate Financial Futures

2,500 mmBtu per day NPG NP   APA Comdty

Compare NYMEX Henry Hub futures vs. energy index ETFs

  • No management fee: Unlike ETFs, pay no annual management fee with NYMEX Henry Hub futures
  • Trade around the clock: 24 hour-access means no waiting for the ETF open as market-moving events (U.S. elections, weather events and so on ) unfold
  • Unparalleled liquidity:  3rd largest physical commodity futures contract by volume
  • Direct exposure: Many energy index ETFs use NG futures to get market exposure; prices on ETFs may be affected by factors other than change in underlying
  • No roll slippage: Avoid the costly loss of correlation to gas market that many ETFs exhibit near the futures roll
  1. Right click on the title above and save the file as an .xml to your computer. 
  2. Import the grid into CME Direct with the Import View in the main menu.

Key economic reports and factors that move markets

Released on Thursdays, these reports track natural gas supply levels stored.


These reports track health of the US economy and in turn, consumer demand for natural gas for energy.


Temperature and weather can impact major production sites, storage levels and demand.


Cheaper oil prices affect natural gas, which is positioned as a viable energy alternative to crude oil.


War, financial crises, elections and more can affect natural gas policy and the cost of natural gas.


View the latest insights on trends in the Energy market.

Courses

Take self-guided courses on Natural Gas futures and options products.

If you're new to futures, the courses below can help you quickly understand the Natural Gas market and start trading.

Contact an Energy expert

Connect with a member of our expert Energy team for more information about our products.

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