Try our mobile app

Micro Henry Hub Futures Surpass 50,000 Contracts Traded

Published: 2023-11-08 16:04:00 ET
<<<  go to CME company page

CHICAGO, Nov. 8, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that trading in its new Micro Henry Hub futures has surpassed 50,000 contracts since launching on November 6, 2023.

"Heightened geopolitical events and a wave of new LNG facilities have helped solidify Henry Hub as the center of global gas markets, which has driven an increase in demand for our highly-liquid products," said Peter Keavey, Global Head of Energy and Environmental Products at CME Group. "We are pleased to expand our market access with the launch of Micro Henry Hub contracts and help a broader range of traders manage their natural gas exposure with more precision."

As Henry Hub's significance as a global benchmark increases, so has participation in Henry Hub futures and options. Average daily volume (ADV) in Henry Hub futures (NG) was approximately 421,000 contracts in October, up 38% from last year, with over 22% of volume originating outside of the U.S. Henry Hub options ADV in October was approximately 184,000 contracts, up 113% from last year, as global traders increasingly turned to CME Group to trade energy options efficiently.

Micro Henry Hub futures and options are one-tenth of the size of the company's benchmark Henry Hub contracts and cash-settled. They are listed by and subject to the rules of NYMEX. For more information, please visit here.

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest ratesequity indexesforeign exchangeenergyagricultural products and metals.  The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

CME-G

Cision View original content:https://www.prnewswire.com/news-releases/micro-henry-hub-futures-surpass-50-000-contracts-traded-301981915.html

SOURCE CME Group