ENERGY

Micro Henry Hub Natural Gas futuresand options
Introducing Micro Henry Hub Natural Gas futures and options, smaller-sized
contracts providing an efficient, cost-effective way to gain natural gas exposureand enhance trading strategies. Trade one of the world’s largest and most liquidcommodities markets with a contract one-tenth the size of the standard
counterpart.

One global benchmark, multiple contract sizes and expirations
Compare our suite of Henry Hub Natural Gas futures and options contracts below:
NEW MICRO HENRY HUB
NATURAL GAS FUTURES

E-MINI HENRY HUB
NATURAL GAS FUTURESHENRY HUB
NATURAL GAS FUTURESCONTRACT SIZE

1,000 MMBtu

2,500 MMBtu

10,000 MMBtu

RATIO TO STANDARD CONTRACT

10:1

4:1

1MINIMUM TICK INCREMENT$0.001 per MMBtu$0.005 per MMBtu$0.001 per MMBtu

DOLLAR VALUE OF ONE TICK

$1 per contract$12.50 per contract$10 per contract

PRODUCT CODE

MNG

QG

NG

SETTLEMENT TYPE

Financial

Financial

Physical

EXPIRATION

Trading terminates one (1)business day prior to theexpiration of thecorresponding contract monthof the Henry Hub Natural Gas
Futures contract (NG).

Trading shall cease on thebusiness day immediately
preceding the last day of
trading in the current delivery
month of the Henry Hub
Natural Gas Futures contract(NG).

Trading terminates on the 3rdlast business day of the monthprior to the contract month.

TRADING AND CLEARINGSCHEDULE

CME Globex: Sunday – Friday: 5:00 p.m. to 4:00 p.m. Central Time (CT)
Monday – Friday: 60-minute daily trading halt beginning at 4:00 p.m. CT
CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting
Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT

LISTING EXCHANGENYMEXNEW MICRO HENRYHUB NATURAL GASOPTIONSNEW MICRO HENRYHUB NATURAL GASFRIDAY WEEKLYOPTIONSHENRY HUB
NATURAL GASOPTIONSHENRY HUB
NATURAL GAS FRIDAYWEEKLY OPTIONSCONTRACT SIZE

1,000 MMBtu

1,000 MMBtu

10,000 MMBtu

10,000 MMBtu

MINIMUM STRIKE
INCREMENT$0.025 per MMBtu$0.025 per MMBtu$0.01 per MMBtu$0.05 per MMBtu

MINIMUM PRICE TICK
INCREMENT$0.001 per MMBtu$0.001 per MMBtu$0.001 per MMBtu$0.001 per MMBtu

DOLLAR VALUE OF A TICK
INCREMENT$1 per contract$1 per contract$10 per contract$10 per contract

PRODUCT CODE

MNO

MN1; MN2; MN3; MN4;
MN5

LN

LN1; LN2; LN3; LN4; LN5

UNDERLYING FUTURE

MNG

MNG

NGNG

LISTED CONTRACTS

Monthly contracts listed
for 24 consecutive
monthsNext two Fridays

Monthly contracts listed
for the current year andthe next 12 calendar
years.

Next four Fridays

SETTLEMENT TYPE

Financial

Financial

Financial

Financial

EXPIRATION

Monthly

WeeklyMonthly

WeeklyTERMINATION OF
TRADING

Trading terminates on
the second business day
immediately preceding
the expiration of theunderlying Micro Henry
Hub Natural Gas
Futures contract (MNG).

Trading terminates on
Friday of the contractweek. If Friday is not abusiness day trading
terminates on the priorbusiness day.

Trading terminates on
the 4th last business
day of the month prior
to the contract month(1 business day prior to
the expiration of theunderlying futures
corresponding contractmonth).

Trading terminates on
Friday of the contract
week. If Friday is not abusiness day, trading
terminates on the priorbusiness day.

EXCERCISE STYLEEUROPEAN

OPTIONS PREMIUM STYLEEQUITY-STYLE

TRADING AND CLEARINGSCHEDULE

CME Globex: Sunday – Friday: 5:00 p.m. to 4:00 p.m. Central Time (CT)
Monday – Friday: 60-minute daily trading halt beginning at 4:00 p.m. CT
CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting
Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT

LISTING EXCHANGE

NYMEXVisit cmegroup.com/micro-henryhub or email energy@cmegroup.com for more information.

cmegroup.com
Neither futures trading nor swaps trading are suitable for all investors, and each involves the risk of loss. Swaps trading should only be undertaken by investors who are Eligible Contract
Participants (ECPs) within the meaning of Section 1a(18) of the Commodity Exchange Act. Futures and swaps each are leveraged investments and, because only a percentage of a contract’s value
is required to trade, it is possible to lose more than the amount of money deposited for either a futures or swaps position. Therefore, traders should only use funds that they can afford to lose
without affecting their lifestyles and only a portion of those funds should be devoted to any one trade because traders cannot expect to profit on every trade.
CME Group, the Globe Logo, CME, Globex, E-Mini, CME Direct, CME DataMine and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT is a trademark of theBoard of Trade of the City of Chicago, Inc. NYMEX is a trademark of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the propertyof their respective owners.
The information within this communication has been compiled by CME Group for general purposes only. CME Group assumes no responsibility for any errors or omissions. Additionally, all examples
in this communication are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience. All matterspertaining to rules and specifications herein are made subject to and superseded by official CME, CBOT, NYMEX and COMEX rules. Current rules should be consulted in all cases concerning
contract specifications.
Copyright © 2023 CME Group Inc. All rights reserved

PM22_EN004/0923