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Option on AB NIT Fixed Price Future69723160
ICE Futures U.S.

Option on AB NIT Fixed Price Future

Description

A monthly Option on the corresponding Contract Period of the AB NIT Fixed Price Future.

Market Specifications

Trading Screen Product Name
NG NGX 7a Futures (US/MM)
Trading Screen Hub Name
AB-NIT
Contract Symbol
FQN
Settlement Method
Exercise into Underlying Futures Contract
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.
Strike Price Intervals
Strike Price Listing Provisions: A minimum of 10 Strike Prices in increments of $0.25 per MMBtu above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $0.001 increments.
Option Style
European
Exercise
Automatic Only

Manual exercise or abandon is not permitted

Options which are "in the money", with respect to Reference Price A, exercise automatically into the Underlying Futures Contract with a contract price equal to the Strike Price. Options which are "out of the money" expire automatically.

Exercise Day: The second Clearing Organization business day following the Last Trading Day
Listing Cycle
Up to 60 consecutive monthly Contract Periods, or as otherwise determined by the Exchange.
Last Trading Day
At the end of the Trading Session on the last Business Day prior to the first calendar day of the Contract Period
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
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
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

*Next Day

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

Codes

Clearing Admin Name
O-Basis Master
Physical
FQN
Logical
FQN
GMI (FC)
K:
Symbol Code
FQN