ICE Futures U.S.

Option on CIG Rockies Fixed Price Future

Option on CIG Rockies Fixed Price Future71085706

Description

A monthly Option on the corresponding Contract Period of the CIG Rockies Fixed Price Future

Market Specifications

Trading Screen Product Name
NG IF Futures
Trading Screen Hub Name
CIG
Commodity Code
CRA
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.
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
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 Method
Automatic
Exercise Procedure
Manual exercise or abandon is not permitted
Exercise Day
The second Clearing Organization business day following the Last Trading Day
Automatic Exercise Provisions
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.
REFERENCE PRICE A
NATURAL GAS-CIG (ROCKY MOUNTAINS)-INSIDE FERC
a) Ref Price A - Description
"NATURAL GAS-CIG (ROCKY MOUNTAINS)-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): Rockies/Northwest: CIG, Rockies: Index" in the issue of Inside FERC that reports prices effective on 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
Inside FERC
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
Basis Master
Physical
CRA
Logical
CRA
GMI(FC)
R&N A.C.N.