ICE Henry Swing

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A daily cash settled Exchange Futures Contract based upon the daily price published by Gas Daily for the location specified in Reference Price A.

Henry Swing Futures
Trading Screen Product Name NG Swing GDD Futures
Trading Screen Hub Name Henry
Contract Symbol HHD
Settlement Method Cash settlement
Contract Size 2500 MMBtus
Currency USD
Minimum Price Fluctuation The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle Up to 365 consecutive daily Contract Periods, or as otherwise determined by the Exchange.
Last Trading Day The Business Day prior to the Contract Period
Final Settlement Reference Price A
REFERENCE PRICE A NATURAL GAS-LOUISIANA (HENRY HUB)-GAS DAILY
a) Ref Price A - Description "NATURAL GAS-LOUISIANA (HENRY HUB)-GAS DAILY" means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "Daily Price Survey ($/MMBtu): Louisiana/Southeast: Henry Hub: Midpoint" in the issue of Gas Daily that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date Each day that prices are reported for the Delivery Date
c) Ref Price A - Specified Price Midpoint
d) Ref Price A - Pricing calendar Gas Daily
e) Ref Price A - Delivery Date Contract Period
Final Payment Date The third Clearing Organization business day following the Last Trading Day
MIC Code IFED
Clearing Venues ICEU
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 7:50 PM - 6:00 PM*

19:50 - 18:00

7:40 PM

19:40

LONDON 12:50 AM - 11:00 PM*

00:50 - 23:00

12:40 AM

00:40

SINGAPORE 8:50 AM - 7:00 AM*

08:50 - 07:00

8:40 AM

08:40

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes Clearing Admin Name SwSwp HH Daily
Physical HHD
Logical HHD
GMI (FC) HH
ION A.C.N. L782
Henry Swing Options
Trading Screen Product Name NG Swing GDD Futures
Trading Screen Hub Name Henry
Contract Symbol HHD
Settlement Method Exercise into Underlying Futures Contract
Contract Size 2,500 MMBtus
Currency USD
Minimum Price Fluctuation The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Contract Series Up to 365 consecutive daily Contract Periods, or as otherwise determined by the Exchange.
Last Trading Day At the end of the Trading Session on the Business Day prior to the Contract Period
Option Style European
Exercise Automatic Only

Manual exercise or abandon is not permitted

Options which are ""in the money"", with respect to Reference Price A, exercise automatically into the Underlying Futures Contract with a contract price equal to the Strike Price. Options which are ""out of the money"", expire automatically.

Exercise Day is the Second Business Day following the Last Trading Day

REFERENCE PRICE A NATURAL GAS-LOUISIANA (HENRY HUB)-GAS DAILY
a) Ref Price A - Description "NATURAL GAS-LOUISIANA (HENRY HUB)-GAS DAILY" means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "Daily price survey ($/MMBtu): Louisiana-Onshore South: Henry Hub: Midpoint" in the issue of Gas Daily that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date Each day that prices are reported for the Delivery Date
c) Ref Price A - Specified Price Midpoint
d) Ref Price A - Pricing calendar Gas Daily
e) Ref Price A - Delivery Date Contract Period
Strike Price Listing Provisions A minimum of 10 Strike Prices in increments of $0.25 per MMBtu above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $0.001 increments.
MIC Code IFED
Clearing Venues ICEU
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 7:50 PM - 6:00 PM*

19:50 - 18:00

7:40 PM

19:40

LONDON 12:50 AM - 11:00 PM*

00:50 - 23:00

12:40 AM

00:40

SINGAPORE 8:50 AM - 7:00 AM*

08:50 - 07:00

8:40 AM

08:40

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes Clearing Admin Name SwSwp HH Daily
Physical HHD
Logical HHD
GMI (FC) HH
ION A.C.N. L782

Notes

References

Resources

ICE Henry Swing Future Product Spec

ICE Option on Henry Swing Product Spec