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ICE Futures U.S.

Algonquin Citygates Index Future

Description

A monthly cash settled Exchange Futures Contract based upon the mathematical result of subtracting the monthly price published by Inside FERC, as defined in Reference Price B, from the average of the daily prices published by Gas Daily, as defined in Reference Price A.

Market Specifications

Trading Screen Product Name
NG Index IF for GDD Futures
Trading Screen Hub Name
Algonquin
Contract Symbol
ALI
Settlement Method
Cash settlement
Contract Size
2500 MMBtus
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
Up to 120 consecutive monthly Contract Periods
Last Trading Day
The last Business Day prior to the first calendar day of the Contract Period
Final Settlement
Average of the Reference Price A prices minus Reference Price B
REFERENCE PRICE A
NATURAL GAS-CITYGATES (ALGONQUIN)-GAS DAILY
a) Ref Price A - Description
"NATURAL GAS-CITYGATES (ALGONQUIN)-GAS DAILY" means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "Daily Price Survey ($/MMBtu): Northeast: Algonquin, city-gates: Midpoint" in the issue of Gas Daily that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
Midpoint
d) Ref Price A - Pricing calendar
Gas Daily
e) Ref Price A - Delivery Date
Each calendar day in the Contract Period
REFERENCE PRICE B
NATURAL GAS-NORTHEAST (ALGONQUIN CITY-GATE)-INSIDE FERC
a) Ref Price B - Description
"NATURAL GAS-NORTHEAST (ALGONQUIN CITY-GATE)-INSIDE FERC" 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 "Monthly Bidweek Spot Gas Prices ($/MMBtu): Northeast: Algonquin, city-gates : Index" in the issue of Inside FERC that reports prices effective on that Pricing Date.
b) Ref Price B - Pricing Date
First publication date of the Contract Period
c) Ref Price B - Specified Price
Index
d) Ref Price B - Pricing Calendar
Inside FERC
e) Ref Price B - Delivery Date
Contract Period
Final Payment Date
The third Clearing Organization business day following the last Business Day of the Contract Period
MIC Code
IFED
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London11:50 PM - 10:00 PM*
23:50 - 22:00
11:40 PM
23:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Northeast Index
Physical
ALI
Logical
ALI
GMI (FC)
A\
ION A.C.N.
Symbol Code
ALI