- Trading Screen Product Name
- LNG Futures
- Trading Screen Hub Name
- Gulf Coast
- Contract Symbol
GPF
- 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
One tenth of one cent per MMBtu ($0.001/MMBtu)
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Last Trading Day
Trading will cease on the last day of the month prior to the first
calendar day of the delivery month, quarter, season, or calendar.
If the last day of the month is not a Business Day, trading will
cease at the close of business of the next preceding Business Day.
- Settlement Method
Financially Settled
- Final Settlement
The final settlement price, the Floating Price will be a price in
USD and cents per MMBtu based on the average of the relevant
quotations appearing in “Platts LNG Daily” under the
heading "Platts daily LNG markers ($/MMBtu)” subheading
“FOB Gulf Coast Marker (GCM) " for “GCM (month)”
(symbol LGCSM01) for each business day during the period that the
expiring month is the front month.
- Final Payment Date
Two Clearing House Business Days following the Last Trading
Day
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU