CME Group Inc. introduces new national balancing point Henry Hub swap futures and options contracts, scheduled to begin trading on 10 May for trade date 11 May.
These contracts are listed with, and subject to, the rules and regulations of NYMEX. The contracts will be available through CME ClearPort. The options contract will also be offered for trading on the New York trading floor.
The NBP is a notional trading location on the National Grid, the natural gas pipeline infrastructure operator of the United Kingdom, and is liquid natural gas trading location in Europe. The contracts will appeal to commercial participants involved in the international waterborne LNG market, as well as international LNG traders, global energy companies, national energy companies, utilities, and electricity generators.
The commodity code will be E2 for the futures contract and V1 for the options contract. The first listed month will be June 2009. Monthly contracts will be listed for 16 consecutive months through September 2010, with the expectation of listing an additional three consecutive months at the end of each quarter.
L.D.