CME Group Launching “Micro” Henry Hub Futures & Options Nov. 6

For traders who buy and sell NYMEX Henry Hub futures (and there is a fair number who read MDN), listen up! CME Group, which operates the Chicago Mercantile Exchange and New York Mercantile Exchange (NYMEX), announced it is launching Micro Henry Hub futures and options beginning November 6. The standard Henry Hub natural gas futures contract for a single contract trades 10,000 MMBtu of natural gas, equivalent to 10 million cubic feet (MMcf). The new Micro Henry Hub contract is one-tenth that size --- 1,000 MMBtu, equivalent to 1 MMcf. The other major difference is that the standard Henry Hub contract costs $10 to execute, whereas the new Micro contract will cost just $1.

To view this content, log into your member account. (Not a member? Join Today!)