NYMEX: Your Home for Henry Hub Natural Gas

Henry Hub Natural Gas (NG) futures provide market participants with significant liquidity to help manage price risk in the highly volatile natural gas market. Natural gas futures are:  

  • The third-largest physical commodity futures contract in the world by volume
  • Widely used as a national benchmark price for natural gas, which continues to grow as a global and U.S. energy source
  • An independent, stand-alone commodity

Things to know about the contracts:

  • Natural gas futures prices are based on delivery at the Henry Hub in Louisiana.
  • Traded electronically on CME Globex and off-exchange for clearing only as an EFS, EFP or block trade through CME ClearPort.
  • Options types include American, calendar spread, European and daily.

Key Benefits

Henry Hub is an easy to access source of liquidity for managing gas exposure.

Henry Hub (LN) options provide a hedge against volatility across the market. In November 2019, 59% of LN Options on-screen volume was executed via RFQ.

Trading Calendar Spread Options (CSO) on Henry Hub futures provides a leveraged means of hedging against a change in the shape of the futures term structure defined by seasonality in the natural gas market.

Market Access

We have a suite of complementary futures and options with a variety of contract sizes and settlement options to hedge your Natural Gas needs, 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

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