Gulf Coast LNG (Platts) 1st Line Financial Future72270573
ICE Futures Europe
Gulf Coast LNG (Platts) 1st Line Financial Future
Description
A financially settled futures contract based upon the average of the Platts FOB Gulf Coast Marker (GCM) during the period that the expiring month is the front month.
Market Specifications
- Trading Screen Product Name
- LNG Futures
- Trading Screen Hub Name
- Gulf Coast
- Contract Symbol
- GPF
- Contract Series
- Up to 156 consecutive monthly Contract Periods, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip
- Contract Size
- 10,000 MMBtu
- Unit of Trading
- 10,000 MMBtus
- Minimum Trading Size
- Futures: 1 lot = 10,000 MMBtu
Exchange for Physical (EFP): 1 lot = 10,000 MMBtu
Exchange for Swap (EFS): 1 lot = 10,000 MMBtu
Block Order : 5 lots = 50,000 MMBtu - Price Quotation
- The contract price is in United States dollar and cent per MMBTU
- Minimum Price Fluctuation
- One tenth of one cent per MMBtu ($0.001/MMBtu)
- Tick Value
- Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Last Trading Day
- Trading will cease on the last day of the month prior to the first calendar day of the delivery month, quarter, season, or calendar. If the last day of the month is not a Business Day, trading will cease at the close of business of the next preceding Business Day.
- Settlement Method
- Financially Settled
- Final Settlement
- The final settlement price, the Floating Price will be a price in USD and cents per MMBtu based on the average of the relevant quotations appearing in “Platts LNG Daily” under the heading "Platts daily LNG markers ($/MMBtu)” subheading “FOB Gulf Coast Marker (GCM) " for “GCM (month)” (symbol LGCSM01) for each business day during the period that the expiring month is the front month.
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- LNG JKM
- Physical
- GPF
- Logical
- GPF
- GMI (FC)
- PD
- ION A.C.N.
- Symbol Code
- GPF