- Trading Screen Product Name
- LNG Futures
- Trading Screen Hub Name
- JKM
- Contract Symbol
JKM
- Trading Model
Continuous trading throughout trading hours.
- Contract Size
10,000 MMBtu
- Unit of Trading
Any multiple of 10,000 MMBtus
- Quotation
US Dollars and cents per MMBtu
- Currency
US Dollars and cents
- Minimum Price Fluctuation
$0.005 per MMBtu
- Option Premium / Daily Margin
All open contracts are marked-to-market daily. Futures style
margining (not premium paid up-front)
- 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
- Off Exchange Trade Types
Exchange for Physical (EFP)
Exchange for Swap (EFS)
Block
- Trading Methods
Electronic futures, Exchange for Physical (EFP), Exchange for Swap
(EFS) and Block Trades are available for this contract
- Contract Security
ICE Clear Europe acts as the central counterparty for trades
conducted on ICE Futures Europe.
- 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 shall cease at the close of business 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 shall cease on the
next preceding business day.
- Option Style
Options are European style and will be automatically exercised on
the expiry day if they are ‘in the money’. The future
resulting from exercise immediately goes to cash settlement
relieving market participants of the need to concern themselves
with liquidation or exercise issues , If an option is ‘out of
the money’ it will expire automatically. It is not permitted
to exercise the option on any other day or in any other
circumstance. No manual exercise is permitted.
- Expiry
The 15th calendar day of the calendar month prior to the con tract
month. If the 15th calendar day is not a business day then expiry
will be on the next preceding business day.
Exercise of the option will give rise to a corresponding JKM LNG
(Platts) Futures (JKM) Contract between Buyer and Seller at the
strike price of the option and in the relevant contract month.
- Business Days
Publication days for Platts LNG Daily
- MIC Code
- IFEU
- Clearing Venues
- ICEU