Recent legislation concerning air pollution control should only contribute to the market's further growth. The radical change has also led to the development and rapid growth of a business that did not exist a few years ago, the natural gas marketer who links buyers with sellers and often arranges pipeline transportation for his customers. The natural gas futures contract is especially well suited to manage the increasing price risk that has accompanied these market changes. As the natural gas market grows, cash market trading centers continue to evolve in North America. The Exchange is researching additional futures contracts that would offer risk management opportunities more closely tailored to these markets.
All times are New York time.
No price limits. Trading terminates three business days prior to the first calendar day of the delivery month. Trading terminates at the close of business on the business day immediately preceding the expiration of the underlying futures contract. Strike price boundaries are adjusted according to futures price movements. Delivery Location Sabine Pipe Line Co. s Henry Hub in Louisiana.