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ICE Futures Europe

WIM LNG (Platts) Future

Description

A financially settled future based on the Platts daily assessment price for the LNG West India Marker (WIM).

Market Specifications

Trading Screen Product Name
LNG Futures
Trading Screen Hub Name
WIM
Contract Symbol
WIM
Contract Series
Up to 156 consecutive monthly contracts, 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
US Dollars and cents per MMBtu
Minimum Price Fluctuation
One tenth of one cent per MMBtu ($0.001/MMBtu)
Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
Last Trading Day
Trading will cease on the 15th calendar day of the calendar month prior to the contract month. If the 15th calendar day is not a business day then trading will cease on the next preceding business day.
Settlement Method
Financially Settled
Final Settlement
The Final settlement, the Floating Price will be a price in USD and cents per MMBtu based on the average of the relevant quotations appearing in “Platts LNG Daily” under the heading "Platts daily LNG markers ($/MMBtu)” subheading “DES West India Marker (WIM)" for “DES WIM (month)” (symbol AARXS00) for each business day (as specified below) in the determination period.

The determination period starts on the 16th calendar day of the month which is two months before the contract month. If that day is not a business day, the determination period starts on the next following business day. The determination period ends on and includes the 15th calendar day of the month which is one month before the contract month. If that day is not a business day, the determination period ends on the next preceding business day.
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Exchange Rulebook
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM
08:50 - 07:00
8:40 AM
08:40

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
LNG JKM
Physical
WIM
Logical
WIM
GMI (FC)
ION A.C.N.
Symbol Code
WIM