PLATFORM SOLUTIONS

Accessing Henry Hub Natural Gas
Liquidity via CME Direct
Deep, liquid market

Global benchmark

408K contracts are traded daily, with 1.4M of open interest.

Henry Hub Natural Gas is the world’s 3rd largest physicalcommodities futures contract, with use growing in South America,
Asia and Europe.

Trading-at-Settlement
Henry Hub Natural Gas TAS spreads (NGT) are now available
on NYMEX in any spread combination for the first 12
consecutive monthly contracts.

Physical settlement
Henry Hub Natural Gas (NG) futures are closely connected tothe spot market, reducing slippage.

The most liquid options market
Henry Hub options have 24-hour streaming screen markets
with consistent liquidity, including Friday Weekly options formore precise hedging.

Nearly 24-hour electronic accessGet around-the-clock trading via the CME Globex,
CME ClearPort venues and Trayport Joule Direct.

Access NYMEX Henry Hub Natural Gas futures & options using CME DIRECT
CME Direct is a one-stop trading solution allowing institutional traders and brokers to view, analyze, negotiate and trade
all CME Group products via a powerful and highly configurable interface.
• Access electronic and block liquidity
simultaneously on one screen using
CME Direct.
• CME Direct is the most utilized front-end
platform for trading and blocking Nat
Gas Options at CME Group.*• Access powerful analytics tools
embedded in the platform.
• Fee-waived market data and introductory
trial periods for eligible users.

* Based on total Henry Hub
Natural Gas options volume

Unparalled Liquidity in Henry Hub Natural Gas
Futures

Unparalled Liquidity in Henry Hub Natural Gas
Options

Futures average daily volume in Q4 2023 was 442k contracts,
an increase of 35% year over year.

Henry Hub financial options (LN) average daily volume in Q42023 was 168k contracts, an increase of 85% year over year.
CME Group Henry Hub Options: Volume Market Share >60% for Three Consecutive Years

800,000

84%

140,000

74%

200,000

72%

100,00070%

068%

Market Share % CME Group

Futures Grid

20,0002017Jan-1
7Average Daily Volume40,000-M

Source: CME Group80,00060,000Source: CME Group and ICE

Quick Options Grid

CME Group

ICEOthers

202376%300,000

20
22400,000

120,000
100,000

20
2178%

202080%500,000

201982%20
18700,000
600,000

Average Daily Volume160,000

Market Share

86%

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M 0
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Ja 1n2M 2
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Average Daily Volume

CME Group Henry Hub Natural Gas Futures Market Share
900,000

Strategies Grid

Email PlatformSolutions@cmegroup.com to start trading on CME Direct today.

cmegroup.com
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