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ICE OTC

Trunkline ELA Physical Inside FERC

Description

Physical Natural Gas delivered firm at specified location for a pre-determined PREMIUM/DISCOUNT applied to the specified Index Price Reference.

Market Specifications

Trading Screen Product Name
NG Firm Phys, ID, IF
Trading Screen Hub Name
Trunkline-ELA
Contract Symbol
XMG
Contract Size
100 MMBtus per lot
Quotation
Net quantity quoted as volume per day and determined by multiplying the number of Contracts (or listed volume) times the number of days in the Contract.
Currency
US Dollars and cents
Minimum Price Fluctuation
$0.0025 per MMBtu
Maximum Price Fluctuation
No limits
Last Trading Day
The business day prior to the delivery month
Fixed Price
The traded price agreed upon between buyer and seller.
Daily Settlement
Daily settlement will be determined by Intercontinental Exchange, Inc. using price data from a number of sources including spot, forward, and derivative markets for both physical and financial products.
Final Settlement
The Index Price, as reported by Platts' Inside FERC's Gas Market Report on the first of month publication following Contract delivery plus the Contract Price
Position Limit
None
MIC Code
IEPA
Clearing Venues
NGXC

Trading Hours

CityTradingPre-Open
New York7:00 AM - 5:00 PM
07:00 - 17:00

London11:00 AM - 9:00 PM
11:00 - 21:00

Singapore7:00 PM - 5:00 AM
19:00 - 05:00

Codes

Clearing Admin Name
TRELA MOPhysGas
Physical
XMG
Logical
XMG
GMI (FC)
ION A.C.N.
Symbol Code
XMG