CME Group Micro Henry Hub Natural Gas futures

CME Group Micro Henry Hub Natural Gas Futures are financial derivatives contracts that provide market participants with a smaller-sized alternative to the standard Henry Hub Natural Gas futures. Launched on November 6, 2023, these micro contracts are designed to offer greater precision and flexibility in trading natural gas futures.
== Contract Specifications ==
The Micro Henry Hub Natural Gas futures contract has the following key features:
* Contract size: 1,000 million British thermal units (mmBtu), which is 1/10 the size of the standard Henry Hub Natural Gas futures contract
* Price quotation: U.S. dollars and cents per mmBtu
* Minimum price fluctuation: $0.001 (0.1 cent) per mmBtu, equivalent to $1 per contract
* Trading hours: Nearly 24 hours a day, from Sunday to Friday
* Settlement method: Financial settlement
* Listing schedule: 24 consecutive monthly contracts
== Market Characteristics ==
The Micro Henry Hub Natural Gas futures market offers several advantages:
* Fine-tuned exposure: Traders can tailor their positions more precisely at a lower cost.
* Capital efficiency: Smaller margin requirements allow traders to control a large contract value with less capital.
* Global accessibility: The contracts provide expanded access to the global energy marketplace.
* Liquidity: Trading is available nearly 24 hours a day, allowing participants to respond quickly to market movements.
== Trading Platform ==
Micro Henry Hub Natural Gas futures are traded on CME Globex, the electronic trading platform of CME Group. This platform provides nearly 24-hour access to the market, allowing traders to respond quickly to global events and market movements.
== Market Adoption ==
In its initial days of trading, the Micro Henry Hub Natural Gas futures surpassed 50,000 contracts, indicating strong market interest. The introduction of these smaller contracts is particularly well-timed as Henry Hub's significance as a global benchmark continues to grow.
== Related Products ==
In addition to the Micro Henry Hub Natural Gas futures, CME Group also offers Micro Henry Hub Natural Gas options. These options contracts provide further flexibility for traders looking to manage their natural gas exposure with precision.
 Micro Henry Hub Natural Gas Futures Contract Specifications
Contract Specification	Details
Contract Size 	2,500 mmBTUs
Pricing Unit 	$0.001 per mmBTU
Tick Size 	0.001 ($2.50 per tick)
Contract Code 	MNG
Settlement Type 	Financially Settled
Trading Hours 	Sunday - Friday, 5:00 p.m. - 4:00 p.m. CT
Last Trade Date 	The third last business day of the contract month
==Options==
 Contract Code Table for Micro Henry Hub and Henry Hub Options
Specification 	Micro Henry Hub Natural Gas Options 	Micro Henry Hub Natural Gas Friday Weekly Options	Henry Hub Natural Gas Options 	Henry Hub Natural Gas Friday Weekly Options
Contract 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 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 	NG 	NG
Listed Contracts 	Monthly for 24 consecutive months 	Next two Fridays 	Monthly for current year and next 12 years	Next four Fridays
Settlement Type 	Financial 	Financial 	Financial 	Financial
Expiration 	Monthly 	Weekly 	Monthly 	Weekly
Termination of Trading 	2nd business day before MNG expiration	Friday of contract week (or prior business day) 	4th last business day of prior month 	Friday of contract week (or prior business day)
== Notes ==
== References ==
Category:CME Group
Category:Energy Futures Contracts
Category:Natural Gas
Category:Micro Futures