- Trading Screen Product Name
- NG NGI Futures
- Trading Screen Hub Name
- Chicago
- Contract Symbol
CFB
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
2500 MMBtus
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One hundredth of a cent
($0.0001) per MMBtu; minimum price fluctuation may vary by trade
type. Please see Table in Resolution 1 to this Chapter 18.
- Strike Price Intervals
A minimum of ten Strike Prices in increments of $1.00 above and
below the at-the-money Strike Price. Strike Price boundaries are
adjusted according to futures price movements. User-defined Strike
Prices are allowed in $0.25 increments
- Option Style
European
- Exercise Procedure
Automatic Only
Manual exercise or abandon is not permitted
Options which are "in the money", with respect to Reference Price
A, exercise automatically into the Underlying Futures Contract with
a contract price equal to the Strike Price. Options which are "out
of the money" expire automatically.
Exercise Day: The second Clearing Organization business day
following the Last Trading Day
- Listing Cycle
Up to 60 consecutive monthly Contract Periods, or as otherwise
determined by the Exchange.
- Last Trading Day
At the end of the Trading Session on the last Business Day prior to
the first calendar day of the Contract Period
- REFERENCE PRICE A
NATURAL GAS-MIDWEST (CHICAGO CITYGATE)-NGI
- a) Ref Price A - Description
Description: "NATURAL GAS-MIDWEST (CHICAGO CITYGATE)-NGI" means
that the price for a Pricing Date will be that day's Specified
Price per MMBTU of natural gas for delivery on the Delivery Date,
stated in U.S. Dollars, published under the heading "Spot Gas
Prices: Midwest: Chicago Citygate: avg." in the issue of NGI's
Bidweek Survey that reports prices effective on that Pricing Date.
- b) Ref Price A - Pricing Date
First publication date of the Contract Period
- c) Ref Price A - Specified Price
Index
- d) Ref Price A - Pricing calendar
NGI
- e) Ref Price A - Delivery Date
Contract Period
- Strike Price Listing
A minimum of 10 Strike Prices in increments of $0.25 per MMBtu
above and below the at-the-money Strike Price. Strike Price
boundaries are adjusted according to futures price movements.
User-defined Strike Prices are allowed in $0.001 increments.
- MIC Code
- IFED
- Clearing Venues
- ICEU