Natural gas is an important source of energy across the globe and - although a reasonably unassuming colorless and odorless gas in its pure form – is vital to many societies. This combustible combination of hydrocarbon gases is a unique member of the energy sector and our contract specifications refer to the NYMEX futures contract.
Contract Size: 10,000 million British thermal units (mmBtu)
Price Quote & Tick Size: U.S. dollars and cents per mmBtu.; minimum tick size $0.001 (0.1¢) per mmBtu ($10.00 per contract).
Contract Months: All months
Trading Specs: Open outcry trading is conducted from 9:00 AM until 2:30 PM. Electronic trading is conducted from 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).
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.
Trading Symbols: NG