Exchange Focus
NYMEX Natural Gas Update, May 2017

May 2017

Coming Soon – Four new European Natural Gas Futures Contracts on NYMEX

  • UK NBP Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Futures (NBP)
  • Dutch TTF Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Futures (TTE)
  • Henry Hub NBP (ICIS Heren) Natural Gas Spread Futures (NYP)
  • Henry Hub TTF (ICIS Heren) Natural Gas Spread Futures (THD).

Available for trading as of Sunday, May 21, 2017 for trade Date Monday, May 22, 2017

Natural Gas Options Electronic Growth

  • Natural Gas Financial Options (LN) traded 44% on screen; a new record
  • Electronic average daily volume has increased 150% year over year.

  • 66% of all natural gas financial options traded on screen are spread strategies.

NYMEX Natural Gas Futures

Improved liquidity for Henry Hub Futures Products

  • Henry Hub Natural Gas Futures (NG) open interest broke a multi-year record with nearly 1.5 million contracts outstanding
  • Average daily volume remains strong with almost 420,000 contracts traded per day; up 20% year over year YTD.

  • NYMEX Henry Hub Futures (NG) has the deepest liquidity farther out the curve.

Physical (NG) & Financial (HH) Henry Hub strip markets currently available to trade electronically

Liquid Butterfly Spreads for 12 months out the curve

Financial Natural Gas Activity and Upcoming Features

TRADING NOW: Reduced Ticks:

  • OPTIONS: Reduced tick functionality (1/10 of a tick, 0.0001) now available for physical (ON) vs. financial natural gas (LN) option user-defined spreads
  • FUTURES: Trade the following natural gas spreads in quarter tick increments: NG-HH, HP-NG, and HP-HH.

Monthly NYMEX Henry Hub Natural Gas Futures and Options

Product Specifications of Natural Gas Futures and Options

Product: Physical Futures Financial Futures
(Quarter / Day)
Financial Futures
(Quarter / Mo)
Product code: NG / Clear: NG / Globex: NG NN / Clear: NN / Globex: NN NNE / Globex: NNE
Settlement type: Physical Financial Financial
Contract size: 10,000 mmBTU / month 2,500 mmBtu / day 2,500 mmBtu / month
Globex Tick size: 0.001
Last Trade Date: 3rd business day prior to end of contract month
Product: Financial Futures Penultimate Financial Futures Penultimate Financial Futures (Quarter / Mo)
Product code: HH / Clear: HH / Globex: HH HP / Clear: HP / Globex: HP NP / Clear: NP / Globex: NPG
Settlement type: Financial Financial Financial
Contract size: 10,000 mmBTU / month 10,000 mmBTU / month 2,500 mmBtu / month
Globex Tick size: 0.001
Last Trade Date: 3rd business day prior to end of contract month 4th business day prior to end of contract month
Product: Physical Option Financial Option
Product code: ON / Clear: ON / Globex: ON LN / Clear: LN / Globex: LN
Settlement type: Physical settlement into NG Financial
Contract size: 10,000 mmBTU / month
Globex Tick size: 0.001
Last Trade Date: 4th business day prior to end of contract month
Option style: American European

Visit cmegroup.com/tradenatgas for more information.

Further information:

If you would like further information, please contact CME Group energy@cmegroup.com.