- Trading Screen Product Name
- LNG Futures
- Trading Screen Hub Name
- JKM
- Contract Symbol
JKM
- Contract Series
Up to 156 consecutive monthly Contract Periods, or as otherwise
determined by the Exchange. Quarterly, seasonal, calendar, and any
period of consecutive monthly contracts can be registered as a
strip
- Contract Size
10,000 MMBtu
- Unit of Trading
10,000 MMBtus
- Minimum Trading Size
Futures: 1 lot = 10,000 MMBtu
Exchange for Physical (EFP): 1 lot = 10,000 MMBtu
Exchange for Swap (EFS): 1 lot = 10,000 MMBtu
Block Order : 5 lots = 50,000 MMBtu
- Price Quotation
The contract price is in United States dollar and cent per MMBTU
- Minimum Price Fluctuation
Half of one cent per MMBtu ($0.005/MMBtu)
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Strike Price Increments
This contract will support strike prices with increments of $0.10
within a range of $1 to $25. This range may be revised from time to
time according to future price movements. The at-the-money strike
price is the closest interval nearest to the previous business
day's settlement price of the underlying contract
- Last Trading Day
Trading will cease on the 15th calendar day of the calendar month
prior to the contract month. If the 15th calendar day is not a
business day then trading will cease on the next preceding business
day.
- Option Style
European Style
- Option Premium
Futures Style
- Exercise Procedure
Expires into a corresponding JKM LNG (Platts) Futures contract with
European-style exercise. If the option is not abandoned, automatic
exercise will occur for options which are one or more ticks in the
money.
At-The-Money and Out-of-The-Money options will expire worthless.
The Futures resulting from exercise immediately goes to cash
settlement.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU