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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
Natural Gas futures are traded on the New York Mercantile Exchange under ticker symbol NG in U.S dollars and cents per mmBtu.[1]
The chart at left shows front-month Natural Gas prices on the NYMEX in dollars per mmBTU.
Delivery Dates
Natural Gas futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]
The following is a table with Natural Gas futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.
| Delivery Month | Full Ticker Symbol | Thomson-Reuters Symbol |
| January, 2009 | NGF9 | NG/F9-NM |
| February, 2009 | NGG9 | NG/G9-NM |
| March, 2009 | NGH9 | NG/H9-NM |
| April, 2009 | NGJ9 | NG/J9-NM |
| May, 2009 | NGK9 | NG/K9-NM |
| June, 2009 | NGM9 | NG/M9-NM |
| July, 2009 | NGN9 | NG/N9-NM |
| August, 2009 | NGQ9 | NG/Q9-NM |
| September, 2009 | NGU9 | NG/U9-NM |
| October, 2009 | NGV9 | NG/V9-NM |
| November, 2009 | NGX9 | NG/X9-NM |
| December, 2009 | NGZ9 | NG/Z9-NM |
Contract Specifications
Contract Size
One Natural Gas futures contract on the New York Mercantile Exchange is 10,000 million British thermal units (mmBtu).[1]
Tick Value
$0.001 (0.1¢) per mmBtu ($10.00 per contract).[1]
Daily Price Limit
$3.00 per mmBtu ($30,000 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $3.00 per mmBtu in either direction. If another halt were triggered, the market would continue to be expanded by $3.00 per mmBtu in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session.[1]
Trading Hours
- On the CME Globex electronic platform: 6:00 PM until 5:15 PM via the CME Globex® trading platform, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date), New York Time.[1]
- Open Outcry (pit session): 9:00 AM until 2:30 PM, New York Time.[1]
Last Trading Day
Trading terminates three business days prior to the first calendar day of the delivery month.[1]
Deliverable Grades
Pipeline specifications in effect at time of delivery.[1]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 The New York Mercantile Exchange's contract specification for Natural Gas futures
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