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ICE Futures U.S.

AB NIT Fixed Price Future

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Description

A monthly cash settled Exchange Futures Contract based upon the monthly price published by Canadian Gas Price Reporter for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
NG NGX 7a Futures (US/MM)
Trading Screen Hub Name
AB-NIT
Contract Symbol
FQN
Settlement Method
Cash settlement
Contract Size
2500 MMBtus
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
Up to 60 consecutive monthly Contract Periods, or as otherwise determined by the Exchange.
Last Trading Day
The last Business Day prior to the first calendar day of the Contract Period
Final Settlement
Reference Price A
REFERENCE PRICE A
NATURAL GAS-NGX AB-NIT MONTH AHEAD INDEX 7A (US$/MMBTU)-CANADIAN GAS PRICE REPORTER
a) Ref Price A - Description
"NATURAL GAS-NGX AB-NIT MONTH AHEAD INDEX 7A (US$/MMBTU)-CANADIAN GAS PRICE REPORTER" means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "Monthly Canadian and U.S. natural gas price summary: Canadian Domestic Gas Prices: NGX AB-NIT Month Ahead Index (7A): US$/MMBtu" in the issue of Canadian Gas Price Reporter that reports prices effective for that Pricing Date.
b) Ref Price A - Pricing Date
First publication date of the Contract Period
c) Ref Price A - Specified Price
Index
d) Ref Price A - Pricing calendar
Canadian Gas Price Reporter
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
The third Clearing Organization business day following the Last Trading Day.
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
Basis Master
Physical
FQN
Logical
FQN
GMI (FC)
K:
ION A.C.N.
Symbol Code
FQN