CME Group LNG Japan/Korea Marker (Platts)

LNG Japan/Korea Marker (Platts) was officially listed on Feb 8th, 2021 by the CME along with CME Group Japan Crude Cocktail (Detailed) and CME Group E-mini Nikkei 225 - Yen Denominated.
LNG Japan/Korea Marker (Platts) Futures	LNG Japan/Korea Marker (Platts) Futures 	LNG Japan/Korea Marker (Platts) Futures
Contract Unit 	10,000 MMBtu 	10,000 MMBtu
Trading Hours 	CME Globex: 	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Trading Hours 	CME ClearPort: 	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 	0.005 per MMBtu 	0.005 per MMBtu
Product Code 	CME Globex: JKM
CME ClearPort: JKM
Clearing: JKM 	CME Globex: JKM
CME ClearPort: JKM
Clearing: JKM
Listed Contracts 	Monthly contracts listed for the current year and the next 5 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.	Monthly contracts listed for the current year and the next 5 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Settlemnt Method 	Financially Settled 	Financially Settled
Floating Price 	The ‘Settlement Period’ for a specified contract month shall be the one month period that starts on, and includes, the 16th calendar day of the month that is two months prior to the contract month, and ends on, and includes the 15th calendar day of the month prior to the contract month.
The Floating Price shall be determined following the publication of the DES Japan/Korea daily LNG marker (JKM) by Platts on the last publication day in the Settlement Period. If such day is not an Exchange business day, the Floating Price shall be determined on the following Exchange business day.
The Floating Price for each contract month is equal to the arithmetic average of the DES Japan/Korea Marker (JKM) published in respect of the contract month by Platts in LNG Daily for each day that it is published during the Settlement Period.	The ‘Settlement Period’ for a specified contract month shall be the one month period that starts on, and includes, the 16th calendar day of the month that is two months prior to the contract month, and ends on, and includes the 15th calendar day of the month prior to the contract month.
The Floating Price shall be determined following the publication of the DES Japan/Korea daily LNG marker (JKM) by Platts on the last publication day in the Settlement Period. If such day is not an Exchange business day, the Floating Price shall be determined on the following Exchange business day.
The Floating Price for each contract month is equal to the arithmetic average of the DES Japan/Korea Marker (JKM) published in respect of the contract month by Platts in LNG Daily for each day that it is published during the Settlement Period.
Termination of Trading 	The 15th calendar day of the month prior to the contract month. If this is not a business day, the preceding business day 	The 15th calendar day of the month prior to the contract month. If this is not a business day, the preceding business day
Position Limits 	NYMEX Position Limits 	NYMEX Position Limits
Exchange Rulebook 	NYMEX 868 	NYMEX 868
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
LNG Japan/Korea Marker (Platts) Average Price Option	LNG Japan/Korea Marker (Platts) Average Price Option 	LNG Japan/Korea Marker (Platts) Average Price Option 	
Contract Unit 	10,000 MMBtu 	10,000 MMBtu 	
Minimum Price Fluctuation 	0.005 per MMBtu = $50.00 	0.005 per MMBtu = $50.00 	
Price Quotation 	U.S. dollars and cents per MMBtu. 	U.S. dollars and cents per MMBtu. 	
Product Code 	CME Globex: JKO
CME ClearPort: JKO
Clearing: JKO 	CME Globex: JKO
CME ClearPort: JKO
Clearing: JKO 	
Listed Contracts 	Monthly contracts listed for the current year and the next 2 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.	Monthly contracts listed for the current year and the next 2 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.	
Termination of Trading 	Trading terminates on the 15th calendar day of the month prior to the contract month. If this is not a business day, trading terminates on the prior business day. 	Trading terminates on the 15th calendar day of the month prior to the contract month. If this is not a business day, trading terminates on the prior business day. 	
Position Limits 	NYMEX Position Limits 	NYMEX Position Limits 	
Exchange Rulebook 	NYMEX 868 	NYMEX 868 	
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds 	
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing 	
Strike Price Listing Procedures 	Strike Price Listing and Exercise Procedures Table 	Strike Price Listing and Exercise Procedures Table 	Strike Price Listing and Exercise Procedures Table
Exercise Style 	European 	European 	
Settlemnt Method 	Financially Settled 	Financially Settled 	
Underlying 	LNG Japan/Korea Marker (Platts) Futures 	LNG Japan/Korea Marker (Platts) Futures 	
LNG Japan/Korea Marker (Platts) Futures-Style Margined Average Price Option	LNG Japan/Korea Marker (Platts) Futures-Style Margined Average Price Option 	LNG Japan/Korea Marker (Platts) Futures-Style Margined Average Price Option 	
Contract Unit 	10,000 MMBtu 	10,000 MMBtu 	
Minimum Price Fluctuation 	0.005 per MMBtu = $50.00 	0.005 per MMBtu = $50.00 	
Price Quotation 	U.S. dollars and cents per MMBtu. 	U.S. dollars and cents per MMBtu. 	
Trading Hours 	Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) 	Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) 	
Product Code 	CME Globex: JFO
CME ClearPort: JFO
Clearing: JFO 	CME Globex: JFO
CME ClearPort: JFO
Clearing: JFO 	
Listed Contracts 	Monthly contracts listed for the current year and the next 2 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.	Monthly contracts listed for the current year and the next 2 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.	
Termination of Trading 	Trading terminates on the 15th calendar day of the month prior to the contract month. If this is not a business day, trading terminates on the prior business day. 	Trading terminates on the 15th calendar day of the month prior to the contract month. If this is not a business day, trading terminates on the prior business day. 	
Position Limits 	NYMEX Position Limits 	NYMEX Position Limits 	
Exchange Rulebook 	NYMEX 864 	NYMEX 864 	
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds 	
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing 	
Strike Price Listing Procedures 	Strike Price Listing and Exercise Procedures Table 	Strike Price Listing and Exercise Procedures Table 	Strike Price Listing and Exercise Procedures Table
Exercise Style 	European 	European 	
Settlemnt Method 	Financially Settled 	Financially Settled 	
Underlying 	LNG Japan/Korea Marker (Platts) Futures 	LNG Japan/Korea Marker (Platts) Futures 	
== Notes ==
== References ==
== Resources ==
*LNG Japan/Korea Marker (Platts) Contract Specifications
== Notes ==
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